Gantry Arranges $20M Loan For Office And Retail Properties In Santa Barbara And Pasadena | 1302 State Street & 132 West Colorado Boulevard | Amit Tyagi, Mark Ritchie | Office | Loan

Summary

Loan

CALIFORNIA

Office

The closed property transaction involved an office and retail asset located at 1302 State St & 132 W Colorado Blvd in Santa Barbara and Pasadena. The deal was facilitated by brokers Mark Ritchie, Amit Tyagi, and Alicia Sabanero from Gantry. The loan amount for the transaction was $20,000,000.

Summary of transaction details

Property Type: Office & Retail
Transaction Amount: $20,000,000
Address: 1302 State St & 132 W Colorado Blvd
Market: Santa Barbara & Pasadena

The loan terms for the transaction included a five-year interest-only payment period, followed by a 25-year amortization for the remainder of the term.

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Details

Deal Summary

FINANCED

IMAGE: Mark Ritchie, Amit Tyagi & Alicia Sabanero DATE: 01/13/2023 ADDRESS: 1302 State St & 132 W Colorado Blvd MARKET: Santa Barbara & Pasadena ASSET TYPE: Office & Retail BROKERS: Mark Ritchie, Amit Tyagi & Alicia Sabanero (@AliciaSabanero4) - Gantry (@Gantry_Inc) LOAN AMOUNT: $20,000,000 LOAN TERMS: five-year interest-only payment period, followed by 25-year amortization for the remainder of the term

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Address1302 State Street & 132 West Colorado Boulevard

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