Gantry, a leading mortgage banking firm, recently secured a $25.4-million permanent loan for the newly completed SW by CLG in Los Angeles. The Class A apartment building, located at 1947 Sawtelle Blvd. in West LA’s Japantown neighborhood, features 88 units and street-front retail space occupied by five popular restaurant concepts.
The borrower was represented by Principal Andy Bratt and associate Sean Kuang from Gantry’s Irvine production office. They worked with one of Southern California’s top real estate developers to secure the five-year loan from one of Gantry’s correspondent life insurance companies. The loan offers a fixed rate with interest-only terms and flexible pre-payment penalties.
According to Bratt, “Our client had specific criteria for finding the right capital source for SW by CLG and recognized our mortgage banking platform as an excellent way to access top-notch life insurance companies.” He added that Gantry worked closely with the borrower on a targeted marketing process to ensure favorable terms were met.
Ultimately, they locked in financing through one of their correspondent relationships with a permanent five-year loan featuring attractive fixed rates, interest-only terms,and flexibility for potential future rate changes.” This successful transaction highlights Gantry’s expertise in securing optimal financing solutions tailored specifically to each client’s needs without compromising on quality or service.
