Gantry Secures $11 Million Refinance Loan For Two Industrial Properties In Santa Clara And San Jose

Two industrial properties located at 3175 De La Cruz Boulevard and 1941 Ringwood Avenue, situated in the markets of Santa Clara and San Jose, have a combined square footage of 78,250. An $11 million permanent loan has been secured to refinance these assets.

Summary of transaction details:

• Property Type: Industrial
• Transaction Amount: $11,000,000
• Loan Type: Refinance
• Loan Terms: 10-year fixed rate, prepayment flexibility, and a 25-year amortization schedule
• Brokers: Alex Poulos & Murphy Osborne - Gantry

The refinancing arrangement was facilitated by brokerage representatives Murphy Osborne and Alex Poulos, who secured the loan through one of Gantry’s life company lenders. This arrangement includes prepayment flexibility which is beneficial for the borrower.