Property Type Retail
Date January 18, 2016
Gantry recently arranged permanent financing in the amount of $15,100,000 in connection with the acquisition of the California Family Fitness Center in Rocklin, California. The security consists of approximately 59,000 square feet with 71% of the space occupied by the health club.
Gantry recently arranged permanent financing in the amount of $15,100,000 in connection with the acquisition of the California Family Fitness Center in Rocklin, California. The security consists of approximately 59,000 square feet with 71% of the space occupied by the health club. The balance of the space is occupied by Wells Fargo Bank and local tenants. Thomas Dudley, Jr., a Principal of Gantry, secured the financing on behalf of the borrower through a major Wall Street investment bank. The loan has a 10 year term with the first two years interest only and a 30 year amortization thereafter. With offices in Irvine, Los Angeles, San Francisco, Sacramento, Seattle, Las Vegas and Phoenix, Gantry is a privately held full-service commercial mortgage banking firm that provides financing for income-producing properties. 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 Thomas Dudley, Jr. at (949) 777-9033 or Michael Heagerty at (415) 956-9854.