Gantry has arranged permanent financing in the amount of $3,700,000 for Marymount College’s student housing project located in San Pedro, California. The 30-unit residential project just underwent a major remodel which is scheduled to be completed in December. George H. Mitsanas, a Principal at Gantry, arranged the financing on behalf of one of its servicing correspondents. Specific terms of the loan were not disclosed.

With offices in Los Angeles, San Francisco, Sacramento, Seattle, Irvine, Las Vegas and Phoenix, 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 George Mitsanas at (310) 846-5299 or Michael Heagerty at (415) 956-9854.