Gantry has arranged permanent financing in the amount of $2,500,000 for the Proxim Wireless building in Milpitas, California.

Robert Slatt, a Vice President in the San Francisco office, arranged the loan through one of Gantry’s insurance company correspondents. The loan is fixed for 10 years and is amortizing over a 30 year period.

The 44,815 square foot building is leased to Proxim Wireless until October 2013. The purpose of this loan was to recapitalize the borrower’s equity after they acquired the building in February of this year, all cash.

With offices in San Francisco, Sacramento, Seattle, Los Angeles, Irvine, Las Vegas and Phoenix, Gantry is a full service mortgage banking firm with a strong lineup of correspondent lenders utilitzing Gantry’s production, closing and servicing capabilities. In addition to arranging loans, Gantry is active in loan restructuring assignments through its debt advisory group. Established in November 1991, Gantry is currently staffed by approximately 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-banking / non-insurance chartered companies with this designation.

For more information on this transaction, contact Robert Slatt at (415) 946-6246 or Michael Heagerty at (415) 956-9854.