Gantry Secures $27.8 Million Loan For 85-Unit Multifamily Property In Marina Del Rey

The transaction involved the refinancing of an 85-unit multifamily apartment building located at 4091 Redwood Avenue in Marina del Rey, California. This Class A property was financed with a loan amount of $27,800,000, supported by five-year, non-recourse terms, which include full-term interest-only payments to align with the sponsor's investment strategy.

Summary of transaction details:

• Property Type: Multifamily
• Transaction Amount: $27,800,000
• Units: 85
• Address: 4091 Redwood Avenue
• Market: Marina del Rey
• Loan Terms: five-year, non-recourse terms including full-term interest only

Andy Bratt and Sean Kuang of Gantry represented the deal, securing the refinancing loan through a life company lender. Their efforts resulted in flexible prepayment terms, effectively maximizing proceeds for the sponsor’s long-term investment strategy.