Gantry has arranged permanent financing in the amount of $20,250,000 for a 243,456 square foot power center located in Omaha, Nebraska. The center is anchored by Best Buy, Sports Authority and Michael’s and shadow anchored by a 175,000 square foot Super Target store.

George Mitsanas, a Principal of Gantry, and Ted Norman, head of the firm’s Debt Advisory practice, arranged the financing for the property. The sponsors acquired the construction loan for the project from a bank and immediately acquired the deed from the original developer. The permanent financing completed the recapitalization of the project. The lender was a correspondent insurance company of Gantry. Terms and pricing 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. In addition to arranging loans, Gantry is active in loan restructuring assignments through its Debt Advisory Group. Established in November 1991, Gantry is currently staffed by approximately 50 employees in seven regional offices throughout the western United States. The company services over $5.5 billion with nearly 800 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 George Mitsanas at (310) 846-5299, Ted Norman at (817) 885-8010 or Michael Heagerty at (415) 956-9854.