Gantry has arranged financing in the amount of $16,000,000 for the refinance of Rancho Bernardo Plaza, a 160,174 square foot, shadow-anchored retail center located in Rancho Bernardo, California, a suburban community in northeastern San Diego County.

Jamie Dick, Vice President of Gantry’s San Diego office, assisted by Associate Vice President Bahman Mirhashemi, and Production Associate Jay Dick, arranged the financing for the borrower, a family trust. The lender, Lincoln Financial, is a Gantry correspondent life insurance lender. Lincoln agreed to a 10-year loan with fixed rate and provided the borrower with an extended early rate lock of 9 months. At funding, the plaza was about 95% occupied with a submarket vacancy rate of 6% (Voit’s 2013-3Q). Other terms and conditions were not disclosed.

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.