SEPTEMBER 1, 2016

LOS ANGELES, CA – Gantry has arranged permanent financing in the amount of $14,800,000 for a three-property Southern California self-storage Portfolio totaling 215,000 SF and over 1,900 units. The facilities are managed by a regional operator.   Gantry arranged a loan that allowed the borrower to lock in a low rate six months prior to the open prepayment window for its maturing loan.

The strength of this transaction was based on strong location, sponsorship, excellent property management and modest leverage. Andy Bratt, Vice President, in Gantry’s Orange County office, arranged the fixed-rate, non-recourse financing for the borrower.  The 10-year loan was placed with one of Gantry’s correspondent life insurance company lenders.

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.