DECEMBER 13, 2016

ORANGE COUNTY, CA – Gantry has arranged permanent financing totaling $38,800,000 for two 400-unit garden style apartment communities located in the Orange County cities of Santa Ana and Orange.  The total refinancing includes two separate loans consisting of a $20,000,000 loan on the Santa Ana property and an $18,800,000 loan on the property in Orange. The properties are in close proximity to the South Coast Plaza shopping center and The Outlets at Orange, as well as notable Orange County attractions Disneyland and Angel Stadium.

Working on an exclusive basis, George Mitsanas, Principal, and Doug Tisdale, Associate, in Gantry’s Los Angeles office, arranged the fixed-rate, non-recourse financing for the borrower, a Beverly Hills based developer.  The 15-year interest only loans were placed with one of Gantry’s correspondent life insurance company lenders.  Gantry will also service the loan.

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 & Poor’s and is one of a select few non-banking/non-insurance chartered companies with this designation.