Property Type Retail
Date January 18, 2016
Gantry has arranged permanent financing in the amount of $5,400,000 for two free-standing restaurants located on the waterfront in Burlingame, California Terri Slocombe, a Principal in Gantry.s San Francisco office, secured the financing for the property through StanCorp Mortgage Investors, one of Gantry.s life insurance company correspondents.
Gantry has arranged permanent financing in the amount of $5,400,000 for two free-standing restaurants located on the waterfront in Burlingame, California Terri Slocombe, a Principal in Gantry.s San Francisco office, secured the financing for the property through StanCorp Mortgage Investors, one of Gantry.s life insurance company correspondents. The financing was structured on a ten-year loan term with a fixed interest rate and a 30-year amortization schedule. The subject property consists of El Torito Grill and Elephant Bar. The borrowers are long-time clients of Gantry. Gantry is a full-service commercial mortgage banking firm that provides mortgage loans for income-producing properties. The company has offices in San Francisco, Sacramento, Los Angeles, Irvine, Seattle, Las Vegas and Phoenix. 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 this transaction please contact Terri Slocombe at (415) 956-9898 or Michael Heagerty at (415) 956-9854.