Property Type Retail
Date January 18, 2016
Demetri M. Koston and Braden C. Turnbull, both of Gantry, arranged financing totaling $9,650,000 for the construction of a retail center in northwest Bakersfield.
Demetri M. Koston and Braden C. Turnbull, both of Gantry, arranged financing totaling $9,650,000 for the construction of a retail center in northwest Bakersfield. Upon completion scheduled for December 2007, the property will include almost 50,000 square feet of new retail space in three separate buildings. Prior to construction, the property was vacant land totaling about five acres. The retail space was nearly 80% pre-leased prior to commencement of construction. The property is situated along the main retail corridor in one of the fastest growing submarkets in the Central Valley. Gantry was retained exclusively by the Borrower, and financing was arranged through a Sacramento-based bank. 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 November 1991, Gantry is currently staffed by over 50 employees in regional offices throughout the western United States. The company services over $6 billion representing 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 Demetri Koston (310) 846-5306, Braden Turnbull (310) 846-5301, or Michael Heagerty (415) 956.9854.