Gantry, through its San Francisco production office led by Principal Tony Kaufmann and Associate Alex Poulos, successfully secured a $12.7 million permanent loan to refinance the Warner Center Business Park in Woodland Hills. The property is located at 5950 Canoga Ave in the highly desirable Warner Center submarket.
The borrower, a private real estate investor, was represented by Gantry’s team who worked with one of their correspondent insurance company lenders to secure the fixed-rate loan. The terms include prepayment flexibility and a 25-year amortization schedule.
The six-story multi-tenant building is currently almost fully leased with an impressive occupancy rate of nearly 90%. Despite challenges posed by the pandemic, there has been significant leasing activity at this property.
Kaufmann commented on the difficulty of securing financing for office properties during these uncertain times but expressed confidence in Gantry’s ability to identify exceptional opportunities for their clients. He also noted that Gantry has invested significant time and resources into developing relationships with lenders who are able to understand each property’s unique story and local market conditions.
