Gantry arranged financing in the amount of $38,000,000 for the Fruitdale Station Apartment Complex located in San Jose, CA.

Terri Slocombe and Mitch Zeemont, Principals of Gantry’s San Francisco office, arranged the permanent financing for the 246-unit, Class A apartment complex. Completed in 2008, the first phase of the project was designed by the award-winning architectural firm Seidel Holzman and offers spacious units all overlooking park or landscaped courtyard settings.

Fruitdale Station is located across the street from the VTA light transit rail, which offers one-stop access to downtown San Jose. The financing provides a 10-year fixed rate term and a 30-year amortization, and was placed with a life insurance company.

With offices in San Francisco, Sacramento, Seattle, Los Angeles, Irvine, Las Vegas and Phoenix, 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 regarding this transaction please contact Mitch Zeemont at (415) 956-9885, Terri Slocombe at (415) 956-9898 or Michael Heagerty at 415-956-9854.