Gantry has arranged permanent financing in the amount of $75,500,000 for the refinance of Skypark Office and Medical Center located adjacent to Torrance Memorial Medical Center in Torrance, CA.

Braden Turnbull, Principal, George Mitsanas, Principal, and Amit Tyagi, Associate, of Gantry’s Los Angeles office, arranged the fixed-rate, non-recourse financing for the borrower, a major Los Angeles-based owner/developer/operator of primarily office properties. The 15 year loan, with a 25 year amortization, was placed with one of Gantry’s correspondent life insurance company lenders. The loan will be serviced by Gantry. According to George Mitsanas, “Sky Park has evolved into one of the South Bay’s premier addresses for medical office use. The campus is walking distance from Torrance Memorial Hospital and a few minutes by car from Little Company of Mary Hospital.”

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 approximately $8 billion representing over 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 Braden Turnbull at (310) 846-5301, George Mitsanas at (310) 846-5299, or Michael Heagerty at (415) 956-9854.