Total amount raised
$45.5 Millions
Latest funding date
05/01/2023
Location
Gantry has successfully raised funds through debt financing, with the most recent round occurring on May 8, 2023. The company provides debt and equity financing solutions for commercial real estate investors and developers across the United States.
Keep reading to explore the intricacies of Gantry's fundraising journey and the investors backing this innovative platform.
What Is Gantry?
Gantry, founded in 1991, is a prominent player in the commercial real estate finance industry. Headquartered in San Francisco, California, the company operates across multiple locations, including New York, Los Angeles, and Seattle.
With a workforce of 101-250 employees, Gantry was established by Thomas Dudley. The firm specializes in mortgage banking, offering debt and equity financing solutions for commercial properties throughout the United States.
Gantry has expanded its market presence through strategic acquisitions and maintains a significant servicing portfolio, operating in 46 U.S. states and servicing over 2,577 loans.
How Much Funding Has Gantry Raised?
- Debt Financing Round
- Amount Raised: $45.5M
- Date: May 2023
- Lead Investors: Not publicly disclosed
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: The borrower aimed to maximize loan proceeds to purchase another asset.
Total Amount Raised: $45.5M. Current Valuation: Not publicly disclosed.
Key Investors
The major investors in Gantry include:
- Freddie Mac
- Details: Freddie Mac is a government-sponsored enterprise (GSE) that provides liquidity, stability, and affordability to the U.S. housing market primarily by purchasing mortgages from lenders and packaging them into mortgage-backed securities.
- Investment Focus Areas: Residential mortgages, liquidity in the mortgage market, affordable housing.
- Notable Investments: Significant role in the secondary mortgage market, purchasing a large volume of residential mortgages, issuing mortgage-backed securities.
- Fannie Mae
- Details: Fannie Mae is another GSE that operates similarly to Freddie Mac, focusing on expanding the secondary mortgage market by securitizing mortgages in the form of mortgage-backed securities.
- Investment Focus Areas: Liquidity in the mortgage market, affordable housing, expanding homeownership opportunities.
- Notable Investments: Extensive involvement in the secondary mortgage market, supporting affordable housing initiatives.
Note: The information about other major investors in Gantry was not found in the provided sources.
What's Next for Gantry?
Gantry's future looks promising as they continue to secure large refinancing loans for multifamily properties. The recent $45.5 million loan for Union 505 Apartments highlights their ability to leverage agency lenders like Fannie Mae and Freddie Mac, which offer competitive interest rates and aggressive terms.
With the capital marketplace tightening, Gantry's expertise in navigating these waters positions them well for future fundraising opportunities. Their strategy of using loan proceeds to acquire new assets suggests a path of growth through strategic acquisitions.
However, challenges such as turbulence in the multifamily financing sector and a tightening capital marketplace could pose hurdles. Yet, Gantry's proven track record and strategic approach indicate they are well-prepared to tackle these obstacles.
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