Gantry has arranged permanent financing in the amount of $17,500,000 for a 370 unit, class A, luxury apartment community located in South Tempe, Arizona.

George Mitsanas, Principal, Peter Hillakas, Vice President, and Doug Tisdale, Associate, of Gantry’s Los Angeles office, and Tim Storey, Principal, and Chad Metzger, Associate Vice President, in Gantry’s Phoenix office, arranged the fixed-rate, non-recourse financing for the borrower, a San Diego based development and management company with an emphasis on class A multi-family apartment communities located in California and Arizona. George Mitsanas has financed this property for the borrower twice before. The 10 year loan was placed with one of Gantry’s correspondent life insurance company lenders and provides for interest only during the first 5 years followed by a 30 year amortization.