Gantry, a leading commercial real estate firm, has successfully secured $15.3 million in permanent financing for a 51,000-square-foot flex-office building located at 601 Hawaii St. in El Segundo. The property is fully occupied by healthcare provider DaVita as its regional headquarters and national training facility.
The financing was obtained by Principal Mark Ritchie, senior director Amit Tyagi and associate Alicia Sabanero from Gantry’s Los Angeles office on behalf of the borrower – a private real estate investor. The five-year loan with fixed interest rates was provided by a conduit lender and offers interest-only terms throughout the duration of the loan.
According to Ritchie, Gantry’s expertise in securing financing options for office assets with unique characteristics allowed them to identify multiple solutions that met their client’s capital requirements. After careful evaluation of various lending programs including life company loans, bank loans and credit union loans; it was determined that CMBS financing best aligned with their strategic goals.
This successful deal showcases Gantry’s ability to navigate market volatility while ensuring stable operations for their clients’ assets through tailored financial solutions.
