TOPA Financial Center
August 7, 2017
Gantry has arranged $75,000,000 in fixed-rate financing for TOPA Financial Center, two 23-story Class A office towers in the heart of downtown Honolulu’s central business district. Located on the Island of Oahu, Hawaii, the property comprises of ~508,000 rentable square feet on a full city block and is one of the most widely recognized office developments in Honolulu.
George Mitsanas, Principal, and Jasmine Polson, Associate, of Gantry’s Los Angeles office, arranged the fixed-rate financing on behalf of the borrower. The 10-year loan was placed with one of Gantry’s correspondent life insurance company lenders.
"We have financed a number of projects in the State of Hawaii, including the recently constructed $160MM FBI headquarters in Honolulu," said George Mitsanas. "As a privately owned firm with no parent company or outside investors, based out of San Francisco, Gantry is one of the nation’s most prolific mortgage banking firms. Unlike other real estate firms who are owned by banks or Wall Street firms, where chasing IPOs or quarterly earnings seem to be their primary focus, as a privately owned mortgage banking firm we are able to make decisions that best serve our clients. Throughout the decades we have continuously been in the commercial mortgage banking / finance business, we have capitalized income properties throughout the nation. In most cases after procuring the financing vehicle, we stay in the deal with our clients as the loan servicer."