OCTOBER 13, 2016

SAN FRANCISCO, CA – Jeff Wilcox, Robert Slatt, and Erinn Cooke of Gantry have arranged $7,100,000 in fixed-rate financing for a portfolio of NNN assets located throughout the Midwestern and Northeastern United States. The financing solution was arranged as seven individual first deed of trust transactions, all cross-collateralized. The borrower used the financing to recapture equity after acquiring the assets in all cash transactions.  The loans were provided on a recourse basis from one of Gantry’s correspondent life insurance companies. The borrower was motivated by the long term fifteen-year fixed-rate at a very competitive interest rate.

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.