Gantry, a real estate firm based in Portland, has successfully obtained a $15.5 million permanent loan to refinance the Lake View Village project in downtown Lake Oswego. This mixed-use development features 91,000 square feet of office and retail space spread across six village-style buildings ranging from one to three stories. The property is situated at State Street and A Avenue and is considered a landmark project within the greater Portland metropolitan area.
The borrower for this loan was represented by Gantry’s Principal Blake Hering and Associate Alicia Sabanero from their Portland production office. The borrower is a private real estate investor who also served as the original developer for this center. The 10-year loan was provided by one of Gantry’s correspondent life company lenders with attractive terms such as 30-year amortization at a fixed rate.
According to Blake Herring, Principal at Gantry, “Lake View Village holds great significance as it remains under the ownership of its original developer who has maintained its reputation as an esteemed location for dining, shopping,and professional services within Lake Oswego.”
