JULY 10, 2019

PHOENIX, AZ – Gantry, the largest independent commercial mortgage banking firm in the U.S., has arranged $23.75M in financing for the Valley Commerce Center. Centrally located in the heart of Phoenix, within the prestigious Camelback Corridor, the mid-town office complex consists of two, four-story office buildings totaling 217,000 sf. Originally developed in 1984, the property has undergone over $6M in recent capital improvements.

Tim Storey, Principal, in Gantry’s Phoenix office, worked with the borrower in securing the non-recourse acquisition financing with one of Gantry’s lending relationships. The loan provided the borrower with funds to acquire the property and Gantry negotiated provisions to get the borrower additional dollars for both cap ex and tenant improvements / leasing commissions. Pricing and other terms were not disclosed.

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 40 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