Gantry Secures $28.5M Construction Loan For LA Office Building

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.