Gantry Secures $25.4M Loan For SW By CLG Development Site In LA's Japantown

Gantry, represented by brokers Andy Bratt and Sean Kuang, secured a $25.4 million permanent loan for SW by CLG, a newly completed apartment building in Los Angeles' Japantown. The development site is located at 1947 Sawtelle Boulevard and features 88 units and street-level retail space. The five-year fixed-rate loan was obtained from a correspondent life insurance company, highlighting the desirability of multifamily properties in tight markets like Japantown.

Summary of transaction details

• Property Type: Development Site
• Transaction Amount: $25,400,000
• Date: February 8, 2024
• Location: Los Angeles

Gantry's brokers, Andy Bratt and Sean Kuang, played a crucial role in securing the loan for the development site. Their representation of the borrower highlights their expertise in navigating complex real estate transactions. By leveraging their industry knowledge, they successfully obtained a five-year fixed-rate loan with interest-only terms and flexible pre-payment penalties from a correspondent life insurance company.