Gantry arranged three 10-year, fixed rate loans to refinance maturing loans on properties owned by StoragePro, a highly respected and successful self-storage owner, operator and third-party manager of self-storage facilities on the West Coast. The three loans ranged from $2,200,000 to $4,200,000. Over the last two years, Gantry arranged five loans for StoragePro with the same life insurance lender that uses Gantry as their loan correspondent. Gantry will be servicing these loans on behalf of the lender; this role provides the borrower, StoragePro, a constant servicing relationship with a mortgage banker who has built an expertise in the self-storage industry.

The strength of these transactions were based on the relationship that StoragePro developed with the lender, through Gantry’s stewardship. Eric Von Berg, Principal, and Tom Dao, Associate, at Gantry helped foster smooth transactions that led to better pricing with each subsequent loan.

“Tom and Eric helped us build a relationship with this life insurance company gaining a reputation as the one of the best lenders for the self-storage industry. Gantry helped us take advantage of historical low mortgage rates and guided us through three smooth loan closings,”
-Steve Mirabito, President of StoragePro and incoming President of the California Self Storage Association.

Click below to see other self-storage mortgages placed by Gantry:

Gantry: Self-Storage Finance Expertise
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 over $7 billion representing 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 Eric Von Berg at (415) 956-9922 or Michael Heagerty at (415) 956-9854.