Gantry has arranged construction/permanent financing in the amount of $7,057,586 for a single-tenant, build-to-suit 71,486 square foot industrial building.   The tenant, which is a subsidiary of a large international industrial conglomerate, will utilize the building as a manufacturing and distribution facility.

Thomas Dudley Jr., Principal in Gantry’s Irvine office, arranged the financing for the borrower, who is a San Diego-based industrial developer and investor. The 15 year loan was placed with one of Gantry’s correspondent insurance company lenders and provides for interest-only during the construction phase followed by 20 year amortization. Other terms and conditions 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 1991, Gantry is currently staffed by over 60 employees in regional offices throughout the western United States. The company services over $7 billion representing 900 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 Thomas Dudley, Jr. at (949) 777-9033 or Michael Heagerty (415) 956-9854.