Gantry, the largest independent commercial mortgage banking firm in the U.S., has secured $31 million of permanent financing.  One loan is secured with the borrower’s new, four-story, Class A office building in southwest Las Vegas while the second loan funds the acquisition of a retail center located in Henderson, Nevada.

Gantry’s Chris Funai, Senior Director with the firm’s Las Vegas production office, represented a sponsor affiliate of the Sansone Companies. The two loans were funded by one of Gantry’s correspondent life company lenders with terms of seven-years for the office building and 15-years for the retail acquisition, at 25- and 30-year amortization, respectively. Gantry will service both fixed rate loans.

According to Gantry’s Chris Funai, “In a market that remains a challenge for office financing, finding the right lender requires diligence and a compelling story. However, when Gantry is working with a highly qualified sponsor like Sansone and one of our time-tested correspondent relationships, we can execute on complicated capital structure enabling the borrower to acquire an asset they had targeted for acquisition years ago.”