DECEMBER 8, 2016

PHOENIX, AZ – Gantry has arranged permanent financing in the amount of $6,650,000 for a 63,000 square foot multi-tenant office complex ideally located within the 7th Street corridor in the central portion of metropolitan Phoenix.  The subject consists of three Spanish-style buildings that feature unique architectural designs including archways, exterior breezeways, balconies and a central courtyard. The property was approximately 92% occupied at the time of close.

Tim Storey, Principal in Gantry’s Phoenix office, worked with the borrower to arrange the 10-year, non-recourse, acquisition financing with one of Gantry’s correspondent relationships. Pricing and other terms were not disclosed.

Gantry is a full service mortgage banking firm with an impressive 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 approximately $9 billion representing over 1,100 loans. Gantry is 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.