Gantry, a leading mortgage banking platform, has successfully secured a $25.4-million permanent loan for the recently 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 closely 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. This loan offers a fixed rate with interest-only terms and flexible pre-payment penalty options.
According to Bratt, “Our client had specific requirements for their financing needs and recognized our mortgage banking platform as the best way to access top-tier life insurance companies.” He added that Gantry worked closely with the borrower on a targeted marketing process to ensure they received favorable terms for their deal.
Ultimately, through its strong relationships with life company correspondents, Gantry was able to secure a permanent five-year loan featuring attractive fixed rates and flexibility in pre-payment penalties – all designed to anticipate potential lower future rate climates.
This successful transaction highlights how expertly crafted financing solutions can help borrowers retire construction debt while securing long-term stability for their investments.
