### Somerville Medical Office Building Secures $30M Fixed-Rate Loan
Gantry, a leading mortgage banking firm, has secured a $30 million permanent loan to refinance Davis Square Center, a 101,000-square-foot, four-story medical office building located at 40 Holland St. in Somerville, Massachusetts. The property is fully leased, with 64% of the space occupied by regional healthcare provider Atrius Health.
The loan was arranged by Gantry’s Irvine production office, with Principal Andy Bratt and Associate Sean Kuang representing the borrower—one of the nation’s largest healthcare-focused real estate investment trusts (REITs). The five-year, fixed-rate loan, featuring a 30-year amortization, was provided by one of Gantry’s correspondent insurance partners, and Gantry will service the loan.
Bratt acknowledged the challenges of securing office financing in the current market but emphasized the strength of their lending relationships. “Fortunately, our roster of life insurance companies allows us access to lenders that will recognize a quality asset with a strong story,” he said. “Gantry effectively communicated the project’s strong fundamentals and superior performance to one of our preferred insurance correspondents, enabling us to secure a stable, market-leading, fixed-rate, non-recourse loan that aligns with our client’s long-term investment strategy.”
