Gantry has recently arranged permanent financing in the amount of $4,180,000 in connection with the refinance of an RV resort community located in the Coastal Bend area of southern Texas. Patrick Barkley, a Principal in Gantry’s Phoenix office, secured the financing on behalf of the borrower through one of its lending relationships. Specific terms of the loan were not disclosed.

The security consists of 318-spaces, which include a combination of RV pads, park models, cottages, and condos. These spaces are available for rent and come equipped with full kitchens and spacious living areas. Within the community, there are several amenities including clubhouses, laundry facilities, recreation halls, swimming pools/spas, game rooms, and many more.

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 Patrick Barkley at 602-374-7806 or Michael Heagerty at 415-956-9854.