Updated Oct 6, 2026
Gantry Secures $12.3 Million Bridge Loan For Workshop Cathedral Owner, LLC In Portland
6635 North Baltimore Avenue
$12,300,000
$61/SF
Building Size
200,000 SF
Asset Type
Industrial
Closing
Oct 5, 2026
About this deal
AI
The property asset involved is an industrial facility located at 6635 North Baltimore Avenue, Portland, OR. The site spans 200,000 square feet and encompasses five acres of land. The transaction pertains to a bridge loan valued at $12,300,000.
Summary of transaction details:
- Property Type: Industrial
- Transaction Amount: $12,300,000
- Loan Type: Bridge
- Landlord: Workshop Cathedral Owner, LLC
- Brokers: Hrishi Bukshin, Charlie Kokernak - Gantry
Workshop Cathedral Owner, LLC, a joint venture between Baum Revision and Owen Gabbert, owns the adaptive-reuse campus. Gantry facilitated the financing through its brokers, Charlie Kokernak and Hrishi Bukshin, aimed at refinancing existing debt and supporting ongoing redevelopment and lease-up efforts.
On the Map
$12,300,000
$61/SF
Industrial
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Players
Charlotte Hall Industrial Market Snapshot
Boundary boundary · Industrial · Loan transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
1.29%
Cash-on-Cash
-0.37%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93