Gantry has arranged permanent financing in the amount of $2,800,000 for a single tenant, 16,252 square foot office building in San Jose, CA. The building is located on Bascom Avenue across from the Santa Clara Valley Medical Center. The subject property serves as the County of Santa Clara’s main clerical building for the hospital. Robert Slatt, a Vice President of Gantry, secured the financing on behalf of the borrower, JW Bascom Properties, through one of their correspondent lending relationships. With a 46.67% LTV and three years remaining on the tenant’s lease term, Robert was able to negotiate a 7 year fixed rate loan term amortized over 30 years. To further accommodate the borrower’s loan request, Gantry’s correspondent lender provided a flexible prepayment penalty commencing at the end of the third loan year. With offices in San Francisco, Sacramento, Los Angeles, Irvine, Seattle, Las Vegas and Phoenix, Gantry is a privately held full-service commercial mortgage banking firm that provides financing for income-producing properties. Gantry originates and services loans for it correspondent lenders and other insurance companies, pension funds, Wall Street Conduits, and commercial banks which are considered among the strongest and most active institutions in the real estate capital markets. For more information on this transaction please contact Robert Slatt at (415) 946-6246 or Michael Heagerty at (415) 956-9854.