Commercial mortgage banking firm Gantry has announced closing over $2.1 billion in new commercial mortgage loans during the first half of 2021.

According to its release, Gantry originated 123 loans in the second quarter and 238 in total since the beginning of the year. Established in 1991, the company has a $17 billion portfolio of serviced commercial mortgages representing more than 2,000 loans in 43 states.

The San Francisco-based firm said that figure reflects a highly favorable lending environment for commercial real estate borrowers. Gantry also credits its growth to growing lender interest in retail loans and a strong lender appetite for the self-storage asset class, which has performed well during the pandemic.