Property Type Multi-Family
Date January 19, 2016
Gantry has recently arranged permanent financing in the amount of $18,387,000 in connection with the refinance of a five-star, senior mobile home park community in Apache Junction, Arizona.
Gantry has recently arranged permanent financing in the amount of $18,387,000 in connection with the refinance of a five-star, senior mobile home park community in Apache Junction, Arizona. Patrick M. Barkley, a Principal of Gantry, secured the financing on behalf of the borrower through its correspondent lending relationship with Walker and Dunlop, LLC. Specific terms of the loan were not disclosed. The security consists of over 500 units, all of which can accommodate a multi-section (double-wide) mobile or manufactured home. The amenities within the community include an assembly room, service kitchen, game room, craft room, billiards room, fitness center, a chapel, a heated pool and spa, shuffleboard courts, and a chip and putt golf course. Approximately 400 of the pads are occupied on a year round basis, while the remaining pads are used for seasonal RV use with flexible lease terms. With offices in Phoenix, San Francisco, Sacramento, Seattle, Los Angeles, Irvine and Las Vegas, 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 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-bank / non-insurance chartered companies with this designation. For more information on the transaction please contact Patrick M. Barkley at (602) 374-7806 or Michael Heagerty at (415) 956-9854.