**Gantry Secures $25M Refinance Loan for Cupertino Senior Housing Community**
Gantry has arranged a $25 million permanent loan to refinance a stabilized, 160-unit senior housing community in Cupertino, California. The financing transaction was facilitated by Gantry Principals Mitch Zeemont, Jeff Willcox, and Robert Slatt, along with Senior Associate Erinn Cooke, representing a private real estate investor.
The loan, provided by one of Gantry’s insurance company correspondents, is a 10-year, fixed-rate structure with a 30-year amortization schedule. Gantry will also service the loan throughout its term.
“While age-restricted properties can be more challenging to finance than open-format assets, Gantry’s long-standing relationships with our insurance company correspondent lenders allows us to offer access to top-tier permanent financing for high-quality and high-performing properties in this specialized vertical,” said Mitch Zeemont. “After conducting a competitive survey of potential lenders, we were able to successfully underwrite a permanent loan at an attractive fixed rate, ensuring a long-term legacy hold for the owner with one of our top-tier correspondents.”
The Cupertino community serves residents aged 55 and older, offering independent living accommodations within one of Silicon Valley’s most sought-after residential markets.
