NOVEMBER 28, 2018

SAN FRANCISCO, CA – Gantry, the largest independent commercial mortgage banking firm in the U.S., has arranged $35,000,000 in fixed-rate financing for two Bay Area properties.

Andrew Mekjavich, Vice President, and Ben Johnson, Associate, of Gantry’s San Francisco office, worked with the independent borrowers in securing the loans through a regional bank. In order to provide significant cash-out to each respective borrower, aggressive underwriting and 30-year amortization schedules were required to close each loan.

According to Andrew Mekjavich, “Lender appetite for quality Bay Area real estate remains strong. Both assets were underwritten at extremely tight debt coverage ratios in order to achieve the leverage required to make each deal happen. The prime locations of each asset were critical to the structure and execution of these loans.”

Gantry, a privately held company based in San Francisco, is a full service mortgage banking firm with an extensive lineup of correspondent lenders utilizing Gantry’s production, closing and servicing capabilities. Established in 1991, Gantry is currently staffed by over 70 employees in regional offices throughout the western United States. The company’s national servicing platform of $12 billion represents over 1,300 loans located in 42 states. 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.