Private Investor Secures $15 Million Acquisition Loan For North Canyons Business Center In Livermore

The property asset involved in this transaction is a mixed-use facility located at 3025-3095 Independence Drive in Livermore. The asset spans 105,000 square feet and was financed with a loan amount of $15,000,000 for acquisition purposes.

Summary of transaction details:

• Property Type: Mixed-use
• Transaction Amount: $15,000,000
• Loan Type: Acquisition
• Loan Terms: 10-year, fixed rate
• Market: Livermore
• Asset Size: 105,000 SF
• Brokers: Joe Foley & Tony Kaufmann - Gantry

Joe Foley and Tony Kaufmann from Gantry were instrumental in arranging the financing for a private investor’s acquisition. They facilitated a high-leverage hybrid loan sourced from a correspondent insurance lender that includes an interest-only period before transitioning to amortization, aiming to enhance industrial use and increase leasing at the North Canyons Business Center.