Property Type Mixed
Date January 18, 2016
Demetri M. Koston and Mitch Zeemont, both of Gantry, arranged financing totaling $7,150,000 for several mixed use properties in the North Beach neighborhood of San Francisco during 2006.
Demetri M. Koston and Mitch Zeemont, both of Gantry, arranged financing totaling $7,150,000 for several mixed use properties in the North Beach neighborhood of San Francisco during 2006. The properties all feature ground floor retail uses, with multi-family apartment units on the upper floors. The properties are all situated in classic in-fill locations, in the heart of one of the most desirable neighborhoods in San Francisco. Further, the retail includes some of the most well-known storefronts in San Francisco such as the Columbus Café, and the original sites of the New Pisa Restaurant, the La Felce Restaurant, and the Lost & Found Saloon. Gantry secured the debt for acquisition, refinancing, and acquisition & development, and also obtained some secondary financing from several different financial institutions. Most of the capital was provided for immediate funding, and a portion was secured to fund in the future. Gantry was retained exclusively by the Borrowers, and arranged financing on behalf of one of its servicing correspondent life companies, and also through several commercial banks. 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 November 1991, Gantry is currently staffed by over 50 employees in regional offices throughout the western United States. The company services over $6 billion representing 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 Demetri Koston (310) 846-5306, or Mitch Zeemont (415) 956-9885.