Gantry, the largest independent commercial mortgage banking firm in the U.S., has secured a $24 million permanent loan to finance the acquisition of the Shaw Commerce Center in Fresno, the fifth largest city in California and the key MSA anchoring the state’s San Joaquin Valley communities. The six-building industrial park encompasses a total of 398,000 rentable square feet in a multi-tenant format with stable occupancy and a diversified rent roll, key attributes for insurance company underwriting. 

Gantry’s Jeff Matlock, Director, and Toby Judge, Associate, with the firm’s San Francisco production office represented the borrower, a value add real estate investor. The five-year, fixed rate, non-recourse loan was provided by an insurance company lender from Gantry’s extensive roster or correspondents and affiliates and features partial term interest only. Gantry will service the loan on behalf of the lender.

According to Gantry’s Jeff Matlock, “Historically, insurance company lenders target primary MSAs with their commercial real estate lending.  Gantry’s deep experience and long track record with our correspondents in secondary and tertiary markets has allowed us to establish trust and confidence with these lenders for quality assets such as Shaw Commerce Center and the borrower, who is one of the top owners and operators in the Central Valley.”