Gantry has arranged a $9 million life company loan to refinance Vail Ranch Town Square, a fully leased suburban office building in Temecula. The new financing retires an existing CMBS loan on the property and was structured by a Gantry team led by principal Tony Kaufmann, along with associates Toby Judge and Jake Davis from the firm's San Francisco production office. The borrower is described as a private real estate investor based in Southern California.
The collateral for the loan is a three-story, low-rise office property totaling 55,000 square feet at 32605 Temecula Parkway. The Mediterranean-style building is 100% leased, with a tenant roster that includes medical, dental, behavioral health, and professional services users. The property offers surface parking and convenient access to surrounding retail, dining options, and nearby residential neighborhoods, positioning it as a local service hub for healthcare and office users.
The financing is structured as a fixed-rate, three-year loan. Gantry notes that the execution featured a rate lock at application, which was intended to shield the borrower from further increases in borrowing costs during a period of rising interest rates. In addition to arranging the debt, Gantry will also service the loan on behalf of the life company lender, providing ongoing interface between the borrower and the capital source over the term of the financing.
According to Kaufmann, performance at properties such as Vail Ranch Town Square is helping support a more constructive outlook for the office sector. He indicated that Gantry's network of life company lenders is demonstrating a growing willingness to fund new loans on well-occupied, income-producing office assets. The refinancing of this fully leased, healthcare-oriented office building in Temecula reflects that appetite, as long-term institutional capital replaces legacy CMBS debt on a stabilized property.
The transaction underscores the continued role of life insurance companies in providing fixed-rate senior debt for performing suburban office assets, particularly those with durable cash flows from medical and professional tenants. With Gantry remaining in place as loan servicer, both borrower and lender will have continuity of oversight as the new loan term progresses.
