SEPTEMBER 7, 2016

SCOTTSDALE, AZ– Gantry has arranged permanent financing in the amount of $4,500,000 for a retail design center totaling 52,670 square feet that sits on 4.48 acres. The subject property was built in 1987 and was later renovated in 2001.

Tim Storey, Principal, and Chad Metzger, Associate Vice President, of Gantry, worked with the borrower to arrange the 10-year, non-recourse financing with a correspondent life company. The loan is interest- only for the full term. Pricing and other terms were not disclosed.

Gantry is a full service mortgage banking firm with an impressive 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 approximately $9 billion representing over 1,100 loans. Gantry is 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. In 2015, Gantry arranged more than $2.3 Billion in loans for its clients.