Mobile Home Community
January 18, 2016
Demetri M. Koston and George H. Mitsanas, both of Gantry, have arranged acquisition financing totaling $10,600,000 for a 196-unit mobile home community located in Fresno, California. Due to the nature of the acquisition, Gantry arranged an unsecured bridge loan of $2.80 million for immediate funding, plus an additional $7.80 million for funding in July 2007. Gantry arranged the financing on behalf of one of its servicing correspondent life companies. Specific terms of the loan were not disclosed. The property was acquired by one of the largest owners of multi-family properties in California.