Gantry has arranged permanent financing in the amount of $8,000,000 for a Self-Storage facility that consists of nine, one-story, concrete block storage buildings containing approximately 685 self-storage units.  In addition, the subject includes 251 open storage spaces for RV’s, boats, etc.  The subject was constructed in 1999 and is located on approximately 11.2 acres.

Patrick Barkley, Principal and Chad Metzger, Associate Vice President arranged the interest only financing through one of its existing CMBS relationships.  Specific terms of the loan were not disclosed.

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 $7.5 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.