Gantry Arranges Construction Loan for Ontario Condos

Gantry recently secured a $10.7-million construction loan for the development of North Grove Townhomes, a multifamily condominium project at 1411 North Grove Ave. in Ontario. The project will encompass 38,144 square feet with 28 for-sale townhomes across four buildings. Construction is set to begin this summer and completion is expected by early 2026.

Senior director Tom Grzebinski, director Stefan Malmlund and associate Zach Wagner with Gantry’s Irvine and Upstate New York production offices represented the borrower, a private real estate investor. The two-year construction loan was secured through a debt fund from Gantry’s extensive roster of qualified lenders and features interest only terms and two six-month extension options.

Grzebinski said, “This was a true collaboration for us on a request that originated in our Upstate New York production office and enlisted one of our top Southern California producers for the added local presence. Collectively, we reviewed this requirement with roughly 60 lenders, mainly banks and debt funds. The loan selected maximized proceeds and offered flexibility with certainty of execution from one of Gantry’s preferred debt fund construction lenders.”