Gantry (formerly Newmark Realty Capital, Inc.), the largest independent commercial mortgage banking firm in the U.S., arranged a $24,300,000 acquisition loan used to acquire an industrial portfolio of three (3) properties in Las Vegas, NV. The three properties are comprised of 13 buildings that total more than 276,400 square feet.

The assets are approximately 98% leased to more than 65 tenants offering a very diverse and stable income stream. All three properties are located in close proximity to the Las Vegas Raiders Allegiant Stadium, McCarran International Airport, and the Las Vegas Strip.

The borrower was a premier Canadian financial planning and investment firm and a repeat relationship of Gantry. Adam Parker of Gantry’s Phoenix office along with Michael Taylor, Brian Bonipart, and Skip Slavin of Gantry’s Seattle office arranged the loan through one of their correspondent Life Insurance Co. lenders.

“One of the biggest challenges to this closing was the short timeline,” said Adam Parker of Gantry. The COE date was set for a week before Christmas and the borrower was awarded the opportunity to buy in early November. Our team had to quickly evaluate the lending marketplace making sure that we obtained the best loan terms for our borrower while ensuring that the chosen lender could navigate the complexities of a three (3) asset portfolio, and do it in short order with certainty of execution. Ultimately, one of our correspondent Life Insurance Co. lenders whom we trust greatly communicated their desire to make the loan as they still had funds to lend prior to year-end.”

About Gantry
Gantry, a privately held company based in San Francisco, is a full-service commercial mortgage banking firm. Established in 1991 as Newmark Realty Capital, Gantry is staffed by 90 employees in its regional offices. Gantry is the correspondent/servicer on behalf of a roster of the leading life insurance, CMBS and Agency lenders in the nation, placing over $4 billion per year in loans. Gantry’s national servicing platform encompasses over $16 billion, representing over 2,000 loans located in 40 states. Gantry is rated as a Primary Servicer by Standard & Poor’s and is one of a select few non-banking/non-insurance-chartered companies with this designation.