Gantry has arranged permanent financing in the total amount of $4,627,000 for a multi-state portfolio of five restaurant properties located in California and Texas.

James Dick, a Vice President of Gantry, arranged the financing for the portfolio which consisted of Jack-in-the-Box and IHOP restaurants. The lender, a correspondent insurance company of Gantry, agreed to 5 separate loans all of which amortize over a 25 year schedule. The lender also allowed for different loan terms which allowed the borrower to structure their loan maturities and prepayment windows in concert with the maturities of the respective restaurant leases in place.   All five loans are fixed rate and were closed simultaneously.

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 this transaction please contact James Dick at (858) 794-1418 or Michael Heagerty at (415) 956-9854.