AUGUST 26, 2016

SAN MATEO, CA – Working on an exclusive basis, Robert Slatt, Jeff Wilcox and Charlie Kokernak of Gantry, have arranged $6,000,000 in bridge financing for The Hillsdale Inn, three parcels of land improved by a motel, self-service car wash, and Enterprise Rent-a-car in San Mateo, CA. The financing solution was arranged to recoup development costs and provide funding while the sponsor completes entitlement and seeks approval to redevelop the site. The financing was structured as a first deed of trust with a local bank and features interest-only payments during the three-year term.

Gantry is a full service mortgage banking firm with an impressive 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 approximately $9 billion representing over 1,100 loans. Gantry is 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. In 2015, Gantry arranged more than $2.3 Billion in loans for its clients.