Gantry has arranged permanent financing in the amount of $8,125,000 for two multi-tenant office buildings in the Bay Area.

Robert Slatt, a Vice President in the San Francisco office, arranged a $4,600,000 refinance on a high end office / R&D building in Sunnyvale, California. The lender, a correspondent insurance company of Gantry, agreed to finance the new loan on a 10 year fixed rate term amortizing over 25 years. The $4,600,000 loan reflected a 75% LTV based on both lender and appraised value.

In addition, Robert Slatt arranged permanent financing with cash out in the amount of $3,525,000 on a multi-tenant office building located in Concord, California. The lender, a correspondent insurance company of Gantry, structured the new loan on a 20 year term amortizing over 22 years with the initial interest rate fixed for 5 years.

With offices in San Francisco, Sacramento, Seattle, Los Angeles, Irvine, Las Vegas and Phoenix, Gantry is a full service mortgage banking firm with a strong lineup of correspondent lenders utilizing Gantry’s production, closing and servicing capabilities. In addition to arranging loans, Gantry is active in loan restructuring assignments through its debt advisory group. Established in November 1991, Gantry is currently staffed by approximately 50 employees in seven regional offices throughout the western United States. The company services over $5 billion with nearly 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.

For more information on these transactions, contact Robert Slatt at (415) 946-6246 or Michael Heagerty at (415) 956-9854.