Gantry Arranges $19M Loan To Refinance Three Single-tenant Industrial Properties
$19,000,000
$122/SF
Building Size
155,000 SF
Asset Type
Industrial
Closing
Sep 28, 2023
AI
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.
Players
Market Industrial Market Snapshot
Boundary boundary · Industrial · Loan transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.83%
Cash-on-Cash
-0.24%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93