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200 East First American Way
FINANCED

Gantry Secures $128M Construction Loan For Legado At The Met Development Site In Santa Ana

200 East First American Way

Development Site
clock iconFinanced 105 days ago
Amit Tyagi
George Mitsanas
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Summary

Loan
CALIFORNIA
Development Site

A leading U.S. commercial mortgage banking firm, Gantry, has secured a $128 million construction loan for Legado at the Met, a 268-unit multifamily project located at 200 East First American Way in Santa Ana. The development site is situated in one of Orange County's premier professional submarkets, offering excellent potential for growth and market value.

Summary of transaction details:

  • Property Type: Development Site
  • Transaction Amount: $128,000,000
  • Market: Santa Ana
  • Landlord: Edward Czuker - Legado Companies
  • Brokers: Amit Tyagi & George Mitsanas - Gantry
  • Loan Type: Construction Loan

The Gantry team, led by George Mitsanas and Amit Tyagi, collaborated with three correspondent life company lenders to optimize loan-to-cost proceeds for this complex transaction. Their expertise in navigating the real estate market in Orange County's premier professional submarkets has facilitated the successful acquisition of financing for Legado at the Met.

Players

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Amit Tyagi's profile picture
Amit Tyagi
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Senior Director
George Mitsanas's profile picture
George Mitsanas
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Principal
Gantry's profile picture
Gantry
Gantry

Details

Deal Summary
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FINANCED
IMAGE: Edward Czuker, Amit Tyagi & George Mitsanas DATE: 01/25/2024 ADDRESS: 200 East First American Way MARKET: Santa Ana ASSET TYPE: Development Site LANDLORD: Edward Czuker - Legado Companies BROKERS: Amit Tyagi & George Mitsanas - Gantry (@Gantry_Inc) LOAN AMOUNT: $128,000,000 LOAN TYPE: Construction Loan NOTE: Gantry, a leading U.S. commercial mortgage banking firm, secured $128 million in financing for Legado at the Met, a 268-unit multifamily project in Santa Ana. Led by George Mitsanas and Amit Tyagi, the team collaborated with three correspondent life company lenders to optimize loan-to-cost proceeds, demonstrating their expertise in navigating complex transactions in Orange County's premier professional submarkets.

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