Property Type Retail
Financing Type Acquisition
Date November 10, 2016
The loan proceeds were used to help the borrower recapitalize an all cash acquisition. The financing was placed with one of Gantry’s correspondent life insurance companies and the loan features a 20-year term that fully amortizes over the life of the loan. Gantry will also service the loan on behalf of the lender.
NOVEMBER 10, 2016
AURORA, CO – Mitch Zeemont, Principal, and Darija Walker, Associate, of Gantry, have arranged $1,360,000 in acquisition financing for a newly constructed Sherwin Williams retail store in Aurora, CO. The loan proceeds were used to help the borrower recapitalize an all cash acquisition. The financing was placed with one of Gantry’s correspondent life insurance companies and the loan features a 20-year term that fully amortizes over the life of the loan. Gantry will also service the loan on behalf of the lender.
Sherwin Williams is on a 10-year, NNN lease, with four 5-year options to extend. The subject property is located along the main retail corridor across the street from Southlands Mainstreet Shopping Center and right off the E-470 Public Highway. Sherwin Williams has high expectations for this location as it is located next door to a residential development project which has been approved for 140 new single family homes.
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.