Patrick M. Barkley, Principal of Gantry has recently arranged permanent financing in the amount of $3,500,000 in connection with the refinance of a senior mobile home park and RV community in Mesa, Arizona. Gantry secured the financing on behalf of the borrower through its lending relationship with Wells Fargo Bank, NA. Specific terms of the loan were not disclosed.

The security consists of over 240-spaces, most of which are rented on a year-round basis, while some of the spaces are used for seasonal RV use with flexible lease terms. The amenities within the community include clubhouses, laundry facilities, shuffleboard courts, swimming pools/spas, craft room, billiards room, and library among others.

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 1991, Gantry is currently staffed by over 60 employees throughout the western United States.   The company services approximately $7 billion with over 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 Patrick Barkley at 602-374-7806 or Michael Heagerty at 415-956-9854.