Property Type Office
Date January 18, 2016
Gantry recently arranged financing on two properties located in Palo Alto and San Mateo, California. The Palo Alto property is a first mortgage loan in the amount of $5,425,000 for 3600 Bayshore, a 34,676 square foot office complex.
Gantry recently arranged financing on two properties located in Palo Alto and San Mateo, California. The Palo Alto property is a first mortgage loan in the amount of $5,425,000 for 3600 Bayshore, a 34,676 square foot office complex. The property is owned by affiliates of Mason-Tarlton Company, LLC. The San Mateo property is a non-recourse, first mortgage loan in the amount of $7,900,000 for City Plaza, a Class A, 62,690 square foot multi-tenant office building. The borrower / buyer is an entity sponsored by an experienced local real estate investor in the San Mateo area. This loan provides both acquisition financing and additional capital for the re-tenanting of the property. Eric Von Berg, Principal of Gantry, secured the loans through Newstar Financial Inc., a Boston-based commercial finance company with extensive origination capabilities and $2 billion in lending capacity. Gantry acted as the exclusive financial advisor to the borrowers and will service the loans for the lender. With offices in San Francisco, Sacramento, Seattle, Los Angeles, Irvine, 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 its 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 these tranactions please contact Eric Von Berg at (415) 956-9922 or Michael Heagerty at (415) 956-9854.