Gantry has arranged for the $16,000,000 refinance of the 99,102 square foot Plaza De Oro Shopping Center located in Murrieta, California.

Jamie Dick, Gantry’s Vice President in San Diego, arranged the financing for the borrower, a San Diego-based repeat client of Gantry. The lender, a major East Coast-based bank, agreed to a 10-year term, 30-year amortization loan. Additionally the non-recourse loan is interest-only for the first two years of its term. Mr. Dick and his San Diego-based team were able to process the loan in 41 days in order to accommodate the owner’s desired funding date.

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 1991, Gantry is currently staffed by over 60 employees in regional offices throughout the western United States. The company services over $7 billion representing 900 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, please contact Jamie Dick at 858-793-8400 or Michael Heagerty at 415-956-9854.