Gantry Secures $21.6M Construction Loan For Studio City Retail Project

Austin Ridge, Braden Turnbull, and George Mitsanas from Gantry have secured a construction-to-permanent loan of $21.6 million for a retail project in Studio City, Los Angeles. The project is located at 11265-11321 Ventura Boulevard and spans across 33,700 square feet. The loan terms include a fixed rate and interest-only terms over a five-year period.

Summary of transaction details

• Property Type: Development Site
• Transaction Amount: $21,600,000
• Address: 11265-11321 Ventura Boulevard
• Market: Studio City
• Asset Type: Development Site
• SF: 33,700

Gantry, the largest independent U.S. mortgage banking firm, collaborated with a correspondent lender for two years to develop this innovative construction-to-permanent financing program. This partnership led to the successful acquisition of the loan for the Studio City retail project, providing the necessary funding for its development.