Gantry has arranged permanent financing in the amount of $4,900,000 for two single tenant industrial buildings in Southern California and Eastern Utah.

Robert Slatt, a Vice President in the San Francisco office, arranged a $2,400,000 refinance   on a single tenant industrial building leased to FedEx Corporate in Carson, California. The lender, a national bank, agreed to finance the new loan on a 10 year fixed rate term amortizing over 30 years. FedEx has 9 years remaining on their current lease term.

In addition, Robert Slatt arranged permanent acquisition financing in the amount of $2,500,000 on a single tenant industrial building leased to National Oilwell Varco, LP in Vernal, Utah. National Oilwell Varco, LP services a variety of downhole tools and rents them to the oilfield industry. The lender, a national insurance company, financed the acquisition on a 15 year fully amortizing loan.

With offices in San Francisco, Sacramento, Seattle, Los Angeles, Irvine, Las Vegas and Phoenix, Gantry is a full service mortgage banking firm with a strong lineup of correspondent lenders utilizing Gantry’s production, closing and servicing capabilities. In addition to arranging loans, Gantry is active in loan restructuring assignments through its debt advisory group. Established in November 1991, Gantry is currently staffed by approximately 50 employees in seven regional offices throughout the western United States. The company services over $5 billion with nearly 800 loans. Gantry has been rated as a primary servicer by Standard and Poor’s and is one of a select few non-banking / non-insurance chartered companies with this designation.

For more information on these transactions, contact Robert Slatt at (415) 946-6246 or Michael Heagerty at (415) 956-9854.