Gantry Arranges $25 Million Refinance Loan For 250 Cambridge Office Building In Palo Alto

The asset involved in this transaction is a renovated office building located at 250 Cambridge Ave in Palo Alto, featuring a total square footage of 38,000. A loan amount of $25,000,000 has been secured to refinance this property.

Summary of transation details:

• Property Type: Office
• Transaction Amount: $25,000,000
• Loan Type: Refinance
• Loan Terms: three-year fixed rate loan with 30-year amortization
• Address: 250 Cambridge Ave
• Market: Palo Alto
• Brokers: Robert Slatt, Murphy Osborne & Joe Foley - Gantry

This refinancing arrangement by Gantry aims to stabilize the asset’s cash flow and allows for potential growth based on future performance. The broker team consists of Robert Slatt, Murphy Osborne, and Joe Foley, who facilitated the transaction.