The property involved in this loan transaction is a single-tenant industrial asset located at 7801 Hayvenhurst Avenue in Van Nuys, CA. The property spans approximately 155,000 square feet. The loan amount secured for this transaction is $19,000,000. The purpose of the loan is for a refinance. The loan terms are a five-year, fixed-rate loan. The loan was obtained by Gantry, with brokers George Mitsanas, Bahman Mirhashemi, and Keegan Bridges representing the deal.

Summary of transaction details

• Property Type: Industrial
• Transaction Amount: $19,000,000
• Address: 7801 Hayvenhurst Avenue, Van Nuys, CA
• Square Footage: 155,000
• Loan Type: Refinance
• Loan Terms: Five-year, fixed-rate loan
• Brokers: George Mitsanas, Bahman Mirhashemi, and Keegan Bridges - Gantry

Gantry played a significant role in this loan transaction, cross-collateralizing and refinancing three single-tenant industrial properties. This strategic move enabled the sponsor to free up $3 million in equity for future investments or investor returns.