Gantry, a leading commercial real estate firm, has successfully secured a $16.25 million permanent loan for the purchase of a top-tier warehouse property fully leased by FedEx Ground. The borrower, an experienced private investor in the industry, was represented by Gantry’s San Francisco production office through its principal Tony Kaufmann and associate Joe Foley.
The long-term fixed-rate financing was obtained from one of Gantry’s correspondent life company lenders and structured with a duration that surpasses the tenant’s lease term. This includes half-term interest only payments followed by 30 years of amortization.
Spanning over 212,000 square feet with 126 doors and cross-docking capabilities, this facility has been occupied by FedEx for many years and underwent full redevelopment in 2015. “As market conditions adjust to higher interest rates,” stated Kaufmann confidently,” we anticipate more equity-rich borrowers to re-engage in transactions.”
