CA & NV Apartment Complexes
West Los Angeles, CA
January 19, 2016
Gantry has arranged permanent financing in the amount of $47,500,000 for two apartment buildings in Nevada and California.
$26,000,000 in financing for The Positano, a 360 unit complex in Las Vegas.
$21,500,000 in financing for The Poinsettia, a 136 unit complex in West Los Angeles.
Working on an exclusive basis, the Gantry financing team, headed by Principal George Mitsanas, along with Associate Vice President Monique Monzon and Associate Victor Gavallos, arranged the financing with a life company and agency lender. Both loans will be serviced by Gantry. Specific terms of the financing were not disclosed.
Over the past two decades, Mr. Mitsanas has arranged a wide variety of Multi-Family transactions including construction, permanent, joint venture, REIT OP unit and sales, totaling several billion dollars.