Gantry has arranged permanent financing in the amount of $12,000,000 for the refinance of a grocery shadow-anchored and drug store anchored shopping center known as Santa Fe Springs Marketplace in Santa Fe Springs, CA.

Thomas Dudley, a Principal of Gantry worked on an exclusive basis with the borrower to arrange the 10 year term, fixed rate, non-recourse financing from a CMBS lender. The loan was recently pooled as part of a securitization. Gantry will be subservicing and cashiering the loan. Pricing and terms were not disclosed.

The subject loan is secured by a 100,133 SF shopping center which was developed by the borrower more than 20 years ago and is anchored by a Rite Aid drug store. It is part of a larger center shadow-anchored by a Food-4-Less grocery store.

“Even though there were two years left on the existing loan, the borrower, one of the largest and most successful developers in California, refinanced now to take advantage of today’s low interest rate environment.”
-Thomas Dudley, Principal of Gantry

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 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 Thomas Dudley at 949-777-9033 or Michael Heagerty at 415-956-9854.