Gantry has arranged $120,000,000 in construction and $124,000,000 in permanent financing for a 248,882 square foot Class A office complex leased by the US Government in San Diego, CA.

Working on an exclusive basis, George H. Mitsanas, a Principal of Gantry, along with Associate Vice President, Peter Hillakas, arranged the financing with a correspondent pension fund. Both the construction and permanent loans will be serviced by Gantry. Specific terms of the financing were not disclosed.   Including this transaction, Gantry arranged over $1,000,000,000 in financing for GSA leased properties owned by its clients over the past two years. The properties are located throughout the Continental US and Hawaii and were leased by a variety of US federal agencies. According to Mr. Mitsanas, “The project will create hundreds of jobs for the San Diego area.   Over the years we have financed billions of dollars of office buildings throughout the nation but during these economic times, we know this fine project will provide a much needed economic boost to the area.”

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 approximately 50 employees in seven regional offices throughout the western United States. The company services over $6 billion with nearly 800 loans. In addition to credit lease transactions, Gantry has extensive experience in providing capital for office, retail, industrial, hospitality and muli-family projects. 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 George Mitsanas at (310) 846-5299 or Michael Heagerty at (415) 956-9854.