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Gantry Provides $130M Loan For Industrial Property Portfolio In California, Oregon, And Washington

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FINANCED
$130,000,000

California

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FINANCED

Gantry Provides $130M Loan For Industrial Property Portfolio In California, Oregon, And Washington

California, United States

See Similar Deals
Other
Financed
the dealplayerscompscontact
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Summary

CALIFORNIA
Asset Type:Other
Transaction Type:Loan

The industrial property in this closed transaction spans 600,000 square feet and is located in Commerce, Glendale, San Jose, Salinas, Calif., Portland, Ore., and Vancouver, Wash. The transaction date was 05/17/2022.

Summary of transation details

  • Property Type: Industrial
  • Transaction Amount: $130,000,000
  • Market: Commerce, Glendale, San Jose, Salinas, Calif., Portland, Ore., Vancouver, Wash.
  • Lender: gantry''>Gantry - Jeffrey Ballaine, Andy Bratt & Amit Tyagi
  • Landlord: Trojan Storage - Brett Henry
  • Loan Terms: 10-year, fixed rate, significant interest-only

Gantry, represented by Jeffrey Ballaine, Andy Bratt, and Amit Tyagi, provided a loan of $130,000,000 on a 10-year fixed rate with significant interest-only terms. The landlord in this transaction is Brett Henry, representing Trojan Storage.

Players

Gantry
Gantry
BROKERAGE
Gantry
Gantry
LENDER
TS
Trojan Storage
LANDLORD

Details

FINANCED
IMAGE: Brett Henry & Jeffrey Ballaine DATE: 05/17/2022 MARKET: Commerce, Glendale, San Jose & Salinas, Calif.; Portland, Ore. & Vancouver, Wash. ASSET TYPE: Industrial ~ SF: 600,000 LENDER: Gantry - Jeffrey Ballaine, Andy Bratt & Amit Tyagi LANDLORD: Trojan Storage - Brett Henry LOAN AMOUNT: $130,000,000 LOAN TERMS: 10-year, fixed rate, significant interest-only

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Deal Type
Debt Service Coverage Ratio (DSCR)

1.05x

Max Loan Amount

$130,000,000.00

Monthly NOI$866,666.67
Monthly Debt Service$821,688.43
Change in Cash Flow$0.00
Refinance Proceeds$0.00