Gantry, a leading commercial real estate finance 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.
Mark Ritchie, Principal at Gantry’s Los Angeles office along with Senior Director Amit Tyagi and Associate Alicia Sabanero were responsible for securing the financing on behalf of the borrower – a private real estate investor. The five-year loan was provided by a conduit lender and offers fixed interest rates with interest-only terms throughout the loan’s life.
According to Ritchie, “We have extensive experience in finding suitable financing options for office properties that have unique characteristics or performance projections.” He further added that they can identify various options such as life company loans, bank loans or debt fund programs based on their clients’ capital requirements; however,in this case,the owner preferred CMBS financing due to its stability amidst market volatility.
This successful deal highlights Gantry’s expertise in navigating complex financial situations while aligning them with their client’s strategic goals.
