Gantry Arranges $18.3 Million Loan For Spinnaker Pointe And Crossroads Village Apartments

The transaction involves the Spinnaker Pointe Apartments located at 231 Dixon Landing Road in Milpitas and the Crossroads Village Apartments at 39438 Stratton Common in Fremont, consisting of a total of 540 multifamily units. The secured loans for these properties provide solid financing options for continued investment in the multifamily market in these two areas.

Summary of transaction details:

• Property Type: Multifamily
• Transaction Amount: $18,300,000
• Units: 540
• Market: Milpitas & Fremont
• Loan Terms: Five-year loans with 30-year amortization schedules
• Loan Representative: Erinn Cooke & Tom Dao - Gantry

Gantry successfully arranged the $18.3 million in two permanent loans secured by a private real estate investor for this multifamily transaction. The loans offered in this deal include five-year terms and no prepayment penalties after the first 12 months, providing flexibility for the investor.