Gantry, a real estate financing firm, recently facilitated the purchase of Huntington Oaks retail center in Monrovia through a $55.9 million permanent loan. The property spans 251,000 square feet and is home to various national retailers, restaurants and services.
The borrower was represented by Gantry’s El Segundo production office principals George Mitsanas and Braden Turnbull along with associate Austin Ridge. The five-year loan has a fixed interest rate and was secured through one of Gantry’s correspondent insurance lenders with full-term interest-only underwriting.
According to Mitsanas, there are many experienced investors looking to make transactions during this phase of the market cycle with significant equity available. This trend is expected to continue into 2025 as retail remains strong post-COVID. Lenders have taken notice of this performance and are prioritizing investments in power centers, grocery-anchored properties, and neighborhood retail assets in both urban and suburban markets.
