**Gantry Secures $15M Acquisition Loan for Livermore Business Park**
Gantry has secured a $15 million permanent loan for the acquisition of the North Canyons Business Center, located at 3025-3095 Independence Drive in Livermore, California. The property includes six buildings totaling 105,000 square feet and is currently home to a mix of industrial and office tenants. The new owner plans to reposition the asset by increasing its industrial use ratio and launching an active leasing strategy.
The financing was arranged by Gantry’s San Francisco-based team, led by Principal Tony Kaufmann and Associate Joe Foley, who represented the borrower—an unnamed private real estate investor. The 10-year loan features a fixed interest rate and is structured as a high-leverage hybrid between a permanent and bridge loan.
The debt was funded by one of Gantry’s correspondent insurance company lenders and includes an interest-only period before transitioning into a 30-year amortization schedule. Gantry will also service the loan.
Kaufmann noted that the financing structure “not only provided a long-term, fixed rate for stability but also ample proceeds with an interest-only period to support planned improvements and leasing. Industrial remains a favored asset class for our lenders and we continue to secure attractive loans in the space.”
