Gantry Secures $28.5M Construction Loan For LA Office Building | 5245 Pacific Concourse Drive | Alicia Sabanero, Amit Tyagi, Mark Ritchie | Office | Loan

Summary

Loan

CALIFORNIA

Office

66,000 sqft

A $28.5 million construction-to-permanent loan has been secured by Gantry's Los Angeles team for the redevelopment of a 66,000 sq ft Los Angeles office building located at 5245 Pacific Concourse Drive. The property will house the Executive Office of Immigration Review and the loan offers flexibility through various pre-payment periods.

Summary of transaction details

Property Type: Office
Transaction Amount: $28,500,000
Square Footage: 66,000
Address: 5245 Pacific Concourse Drive, Los Angeles
Market: Los Angeles

The loan was secured by Gantry's team, including brokers Alicia Sabanero, Amit Tyagi, and Mark Ritchie, who represent the private real estate company borrower in the deal. The loan has a fixed interest rate and a multi-decade term, providing the borrower with flexibility in managing the redevelopment project for the office building.

Players

All
4

Agents
3
Agencies
1

Details

Deal Summary

FINANCED

IMAGE: Mark Ritchie, Amit Tyagi & Alicia Sabanero DATE: 01/16/2024 ADDRESS: 5245 Pacific Concourse Drive MARKET: Los Angeles ASSET TYPE: Office ~ SF: 66,000 BROKERS: Alicia Sabanero (@AliciaSabanero4), Amit Tyagi & Mark Ritchie - Gantry (@Gantry_Inc) LOAN AMOUNT: $28,500,000 LOAN TYPE: Construction NOTE: Gantry's Los Angeles team secured a $28.5 million construction-to-permanent loan for the redevelopment of a 66,000 sq ft Los Angeles office building, set to house the Executive Office of Immigration Review. The multi-decade loan with a fixed interest rate offers the private real estate company borrower flexibility through various pre-payment periods.

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Address5245 Pacific Concourse Drive

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