Gantry has arranged permanent financing in the amount of $7,000,000 for the South Bay Distribution Center, a 116,834 sq.ft. industrial park located in Chula Vista, California.

Jamie Dick, a Vice President of Gantry in their San Diego office, arranged the financing for the borrower, a San Diego based development and investment company. The lender, a New York based institutional lender, agreed to a 10 year term loan with a 30 year amortization period. The loan is non-recourse. Other terms and conditions 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 50 employees in regional offices throughout the western United States. The company services over $6 billion representing 800 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.