Gantry has arranged permanent acquisition financing in the total amount of $4,830,000 for the purchase of the Walgreen’s Store and Pharmacy building located in Phoenixville, Pennsylvania.

James Dick, a Vice President of Gantry, working with a New Jersey based buyer, arranged the acquisition financing with CUNA Mutual Life Insurance, one of Gantry’s correspondent lenders.   CUNA was selected due to their willingness to lock the rate at loan application signing and structure the loan as a fixed rate, fully amortizing loan, which is co-terminus with the Walgreen’s lease. Further terms and pricing were not disclosed.

Gantry is a full service mortgage banking firm with a strong lineup of correspondent lenders which utilize Gantry’s production, closing and loan servicing capabilities. In addition to arranging loans for income property borrowers Gantry is active in loan restructuring assignments through its Debt Advisory Group. Established in 1991, Gantry is currently staffed by approximately 50 employees located in offices throughout the western United States. The company services over $6 Billion in mortgages for various lender/investor clients. Gantry is a Standard and Poor’s rated Primary Servicer and is one of a select few non-banking/non-insurance chartered companies with this designation.

For more information on this transaction please contact James Dick, License # 01149466 at (858) 794-1418 or Michael Heagerty, License # 1106381 at (415) 956-9854. Gantry License # 01188877.