Property Type Retail
Financing Type Fixed-Rate
Date April 28, 2017
Gantry™ has arranged two 10-year fixed-rate loans totaling $2,525,000 secured by two multi-tenant retail strip centers in Phoenix and Tempe. The two non cross-collaterized loans were used to acquire the properties in separate purchase transactions.
PHOENIX, AZ – Gantry™ has arranged two 10-year fixed-rate loans totaling $2,525,000 secured by two multi-tenant retail strip centers in Phoenix and Tempe. The two non cross-collaterized loans were used to acquire the properties in separate purchase transactions.
Adam Parker, Principal, and Chad Metzger, Assistant Vice President of Gantry, arranged the loans though one of Gantry’s correspondent life insurance Company lenders, which will be serviced by Gantry. Pricing and other terms were not disclosed.
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.