Commercial mortgage banking company Gantry has announced the closure of more than $ 2.1 billion in new commercial mortgages in the first half of 2021.
According to its release, Gantry issued 123 loans in the second quarter and 238 in total since the beginning of the year. Founded in 1991, the company has a $ 17 billion portfolio of serviced commercial mortgages representing over 2,000 loans in 43 states.
The San Francisco-based firm said the figure reflects a very favorable lending environment for commercial property borrowers. Gantry also attributes its growth to the growing interest of lenders in retail loans and the strong interest of lenders in the self-custody asset class that performed well during the pandemic.