Property Type Multi-Family
Date January 18, 2016
Gantry, has arranged acquisition financing totaling $28,000,000 for a mobile home community in Northern California.
Gantry, has arranged acquisition financing totaling $28,000,000 for a mobile home community in Northern California. Located in an infill location and surrounded by residential development, the mobile home community is considered one of the largest in Northern California. Demetri M. Koston, a Vice President of Gantry, and George H. Mitsanas, a Principal of Gantry, structured the financing to accommodate the transaction, which included a phased purchase-sale option. Specific terms were not disclosed. 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 at (310) 846-5306, George Mitsanas at (310) 846-5299 or Michael Heagerty at (415) 956-9854.