Property Type Industrial
Date January 18, 2016
Terri M. Slocombe and Braden Turnbull, Principals of Gantry, have arranged permanent financing in the amount of $16,120,000 for a 197,000 SF freestanding industrial/warehouse building located in the San Fernando Valley.
Terri M. Slocombe and Braden Turnbull, Principals of Gantry, have arranged permanent financing in the amount of $16,120,000 for a 197,000 SF freestanding industrial/warehouse building located in the San Fernando Valley. Gantry arranged this financing on behalf of the borrower through State Farm Life Insurance Company. This is a repeat borrower of Gantry and State Farm. The building was new and only 50% leased at closing. Specific terms of the loan were not disclosed. The security consists of a concrete tilt-up industrial building that has a footprint area of 169,913 SF, plus 27,621 SF of mezzanine floor space situated on 8.46 acres. With offices in San Francisco, Los Angeles, Sacramento, Seattle, Irvine, Phoenix, and Las Vegas, Gantry is a privately held full-service commercial mortgage banking firm that provides financing for income-producing properties. Gantry originates and services loans for its correspondent lenders and other insurance companies, pension funds, Wall Street conduits and commercial banks which are considered among the strongest and most active institutions in the real estate capital markets. For more information on this transaction please contact Terri Slocombe at (415) 956-9898, or Michael Heagerty at (415) 956-9854.