APRIL 25, 2019

PHOENIX, AZ – Gantry, the largest independent commercial mortgage banking firm in the U.S., has arranged $3,705,000 in financing secured by one building, totaling ~20,235 SF, located in Goodyear, AZ. Situated adjacent to the Abrazo West Valley Campus, the subject is well positioned to be re-purposed into a medical office building.

Adam Parker, Principal, arranged this acquisition / rehab loan through a regional bank. At closing, the property was completely vacant, but the sponsor’s business plan was to re-purpose this retail building into a medical office use. Upon making some capital improvements, the sponsor is confident that the subject will attract medical office users since the medical office submarket demand is high with very little available supply. Mr. Parker structured a loan that allowed the borrower to acquire the property using an initial funding. The loan also included a future funding facility which the borrower could use to pay for capital expenditures, tenant improvements, and leasing commission costs.

Gantry, a privately held company based in San Francisco, is a full service mortgage banking firm with an extensive lineup of correspondent lenders utilizing Gantry’s production, closing and servicing capabilities. Established in 1991, Gantry is currently staffed by over 70 employees in regional offices throughout the western United States. The company’s national servicing platform of $12 billion represents over 1,300 loans located in 40 states. Gantry is rated as a Primary Servicer by Standard & Poor’s and is one of a select few non-banking/non-insurance chartered companies with this designation.