Gantry, a commercial mortgage banking firm, has secured a $19.4-million permanent loan to refinance an expiring CMBS loan on Central Avenue Center in Richmond. The five-building industrial park spans 150,000 square feet and provides services to small businesses.
Directors Tony Kaufmann and associate Alex Poulos from Gantry’s San Francisco production office obtained the financing for the private real estate investor borrower with one of Gantry’s correspondent life company lenders offering an attractive fixed rate and terms over 10 years.
Kaufmann commented that “Industrial assets remain favored by Gantry’s exclusive roster of life company lenders due to this well-maintained property being one of few Class C properties formatted for smaller users in East Bay region.”
