Gantry Secures $5.2 Million Refinancing for Flex Office/R&D Property in Santa Clara
Gantry, a leading commercial real estate mortgage banking firm, has successfully secured a $5.2 million permanent loan to refinance a flex office/R&D property located at 3000 Oakmead Village Dr. in Santa Clara. The single-story building spans 19,700 square feet and is fully leased to Qualcomm, strategically situated next to the company’s Silicon Valley regional campus.
Senior Director Murphy Osborne and Associate Alex Poulos from Gantry’s San Francisco production office represented the borrower – an experienced private real estate investor – in this transaction. The financing was provided by one of Gantry’s trusted life company correspondents with favorable terms including an attractive fixed rate that was locked earlier this year and a 20-year amortization schedule.
According to Osborne: “Over the past two years, we have closely collaborated with our correspondent life company lenders to identify what constitutes as viable office loans that they are willing to fund.” This development holds significant importance given the current post-COVID real estate cycle; therefore Gantry is actively sourcing competitive financing options for qualifying properties within both traditional offices and flex/R&D sectors.
