Gantry Secures $5.2M Refinance Loan For 19.7K SF Office Property In Santa Clara

Murphy Osborne & Alex Poulos of Gantry secured a $5.2 million loan to refinance a 100% leased flex office/R&D property in Santa Clara. The property, located at 3000 Oakmead Village Drive, has a total area of 19,700 square feet and is situated in the Santa Clara market. This office space is adjacent to Qualcomm's Silicon Valley campus, making it a highly desirable location.

Summary of transaction details:

• Property Type: Office
• Transaction Amount: $5,200,000
• Loan Type: Refinance
• Loan Terms: 10-year, permanent loan with an attractive fixed rate and a 20-year amortization.

Gantry, represented by brokers Murphy Osborne & Alex Poulos, was able to secure the 10-year loan from one of their correspondents. The loan's favorable terms, with a fixed rate and extended amortization period, reflect Gantry's efforts to find suitable office loan options in the post-COVID real estate landscape. This successful refinance deal demonstrates Gantry's expertise in navigating and securing financing for commercial properties.