Gantry Arranges $9.65 Million Permanent Loan For Light Industrial Property In Santa Clara
2290 De La Cruz Boulevard
$9,650,000
$256/SF
Building Size
37,600 SF
Asset Type
Industrial
Closing
Jul 30, 2026
AI
A permanent loan was arranged to refinance acquisition debt for a two-building industrial property located at 2290 De La Cruz Boulevard, Santa Clara, CA. The asset encompasses 37,600 square feet and is fully leased to a national auto collision repair business under a long-term lease.
Summary of transaction details:
- Property Type: Industrial
- Transaction Amount: $9,650,000
- Loan Type: Permanent
- Loan Terms: 10-year, fixed rate, non-recourse
- Market: Santa Clara, CA
- Brokers: Tony Kaufmann & Jake Davis - Gantry
The financing for this transaction was structured as a 10-year fixed-rate, non-recourse loan, providing a stable financial solution for the owner of the asset. Brokers Tony Kaufmann and Jake Davis from Gantry facilitated this arrangement, contributing their expertise to the refinancing process.
Players
Santa Clara Industrial Market Snapshot
Boundary boundary · Industrial · Loan transactions
Loading comparables…
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
1.64%
Cash-on-Cash
-0.47%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93