Gantry, through its San Francisco production office led by Principal Tony Kaufmann and associate Alex Poulos, successfully secured a $12.7-million permanent loan to refinance the Warner Center Business Park in Woodland Hills. The property is located at 5950 Canoga Ave in the desirable Warner Center submarket.
The borrower, a private real estate investor, was represented by Gantry’s team who worked with one of their correspondent insurance company lenders to secure favorable terms for the loan. These include prepayment flexibility and a 25-year amortization schedule.
The six-story multi-tenant property is currently almost fully leased despite challenges posed by the pandemic. According to Kaufmann, securing financing for any type of office space has been difficult during these times but Gantry has been successful in identifying exceptions to this rule. They have dedicated significant time and resources towards finding performing properties with strong sponsorship that can be underwritten based on their unique story and local market fundamentals.
