On behalf of Astani Enterprises, Gantry arranged two permanent loans totaling $21,630,000 for two GSA buildings located in OH and CA. The collateral consists of a GSA ICE office building in Blue Ash, Ohio and a courthouse that is currently being constructed in Eureka, California.   The financing was led by George Mitsanas, Principal, Peter Hillakas, Vice President, and Michelle Hsieh, Associate, in Gantry’s Los Angeles office.

The ~36,000 square-foot ICE office building was acquired by Astani Enterprises and renovated with new energy efficient features on behalf of the GSA. Improvements include a new roof, state-of-the-art HVAC system, ceiling insulation, lighting, plumbing, and landscaping, which all work towards a LEED certification. The GSA recently took occupancy of the building and leased the space on a 20-year firm term. The construction of the ~23,000 square-foot courthouse is currently underway and will be occupied by the GSA in October, 2014 on a 20-year firm term. Gantry will service both loans for the lender; the lender is a long-time correspondent of Gantry.