The transaction involves two cross-collateralized Silicon Valley flex-industrial properties located at 1250-1252 Borregas Avenue & 161 East Evelyn Avenue in Sunnyvale, Mountain View. The properties total 60,000 square feet and are fully leased in multi-tenant formats. Gantry facilitated a $14 million permanent loan to refinance these industrial properties on behalf of a private real estate investor. The financing features a 10-year term with a 25-year amortization and prepayment options, reflecting the region's unique blend of flex-industrial assets utilized by various industries.

Summary of transaction details:

• Property Type: Industrial
• Transaction Amount: $14,000,000
• Address: 1250-1252 Borregas Avenue & 161 East Evelyn Avenue
• Market: Sunnyvale, Mountain View
• Loan Type: Refinance
• Loan Terms: 10-year loan with 25-year amortization and prepayment options
• Brokers: Andrew Ferguson & Murphy Osborne - Gantry

The $14 million loan was secured by Gantry's San Francisco office. The loan was provided to refinance the two flex-industrial properties that cater to a range of industries, including start-ups, professional services, manufacturing, and final-mile distribution. Andrew Ferguson and Murphy Osborne from Gantry represented the private real estate investor in this transaction.