Gantry Secures $21.4 Million Loan For Creative Office Development In Culver City

The property involved in the transaction is a development site located at 3520-3524 & 3512-3516 Schaefer Street in Culver City. The asset encompasses two buildings designed for creative office use, offering a total of 35,000 square feet of rentable space. The transaction facilitated a loan amount of $21,400,000 specifically structured as a construction loan, featuring a three-year fixed rate and a 30-year amortization period.

Summary of transaction details:

• Property Type: Development Site
• Transaction Amount: $21,400,000
• Loan Type: Construction
• Loan Terms: three-year fixed rate and 30-year amortization
• Address: 3520-3524 & 3512-3516 Schaefer Street
• Market: Culver City
• Square Footage: 35,000 rentable square feet
• Brokers: Andrew Ferguson & Tony Kaufmann - Gantry

Gantry played a pivotal role in securing the financing for this project, spearheaded by brokers Andrew Ferguson and Tony Kaufmann. The project is designed to appeal to high-quality office demand, catering to contemporary business needs amidst a challenging market landscape.