**Gantry Secures $7M Refinance for Milpitas R&D Facility**
Gantry has arranged a $7 million permanent loan to refinance a Silicon Valley research and development industrial facility located at 1635 McCarthy Boulevard in Milpitas. The property, situated in a prominent submarket for semiconductor and technology manufacturing, spans 48,531 square feet on 3.4 acres and is fully leased to a long-term manufacturing tenant that has made substantial infrastructure investments on-site.
Murphy Osborne, Director at Gantry, and Associate Alex Poulos, both based in the firm’s San Francisco production office, represented the borrower—an experienced private real estate investor. The five-year, fixed-rate loan was placed with one of Gantry’s correspondent insurance company lenders and includes a 30-year amortization schedule. Gantry will also service the loan.
“Gantry continues to have great success working with our insurance company correspondents to finance Silicon Valley and Bay Area industrial properties of all types, be it flex, R&D, or traditional warehouse space,” said Osborne. “For this assignment on behalf of an experienced sponsor with a strong regional presence, our team’s insight into key local fundamentals enabled us to punctuate its qualifying DSCR to generate strong offers from a national roster of lenders.”
