Property Type Retail
Financing Type Refinancing
Date January 19, 2016
Gantry refinanced five Walgreens stores in various locations across the country. Eric Von Berg and Tom Dao at Gantry received an exclusive assignment to refinance a portfolio of Walgreens, all on a non-recourse structure and fully amortized over the terms of the loans which matched the remaining terms of the investment-grade credit lease.
Gantry refinanced five Walgreens stores in various locations across the country. Eric Von Berg and Tom Dao at Gantry received an exclusive assignment to refinance a portfolio of Walgreens, all on a non-recourse structure and fully amortized over the terms of the loans which matched the remaining terms of the investment-grade credit lease. The borrower, a thirty year client of Gantry, was looking to rebalance the portfolio to take advantage of long term, low rate loans offered by Gantry’s life insurance correspondent lenders.
Gantry is a full service mortgage banking firm with a strong lineup of correspondent lenders utilizing Gantry’s production, closing and servicing capabilities. Established in 1991, Gantry is currently staffed by over 60 employees in regional offices throughout the western United States. The company services over $7.5 billion representing 900 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 Eric Von Berg at (415) 956-9922 or Michael Heagerty at (415) 956-9854.