Gantry Secures $12.8M Bridge Loan For Carson Plaza Retail Center Improvements

The asset involved in this transaction is a retail property located at 603-677 East University Drive in Carson, comprising 80,838 square feet. A bridge loan amounting to $12.8 million was secured to refinance existing debt, and facilitate leasing and improvements at the Carson Plaza retail center.

Summary of transaction details:

• Property Type: Retail
• Transaction Amount: $12,800,000
• Loan Type: Bridge
• Loan Terms: Interest-only
• Market: Carson
• Brokers: Joe Foley & Murphy Osborne - Gantry

This transaction highlights the involvement of brokers Joe Foley and Murphy Osborne from Gantry, who facilitated the refinancing and the planned revitalization efforts at Carson Plaza, which include re-tenanting vacancies and proposed improvements extending into 2025.