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California  + Los Angeles  + Finance  | 

Grocery-Anchored Retail Lands $22M Construction Loan

Gantry secured a total of $21.6 million in construction-to-permanent financing for the development of a 33,700-square-foot grocery-anchored retail project located at 11265-11321 Ventura Blvd in the Studio City submarket of Los Angeles.

An El Segundo-based team of principals Braden Turnbull and George Mitsanas and associate Austin Ridge represented the borrower, a private real estate entity. The five-year construction-to-permanent loan was provided by one of Gantry’s correspondent lenders, offering an attractive fixed rate and interest only terms over the life of the loan.

Turnbull said, “Behind the scenes of this transaction, Gantry has worked closely over two years with one of our longstanding correspondents to develop a C2P program that met their investment committee approval. This is the first loan of that successful effort.”

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About Paul Bubny

Paul Bubny serves as Senior Content Director for Connect Commercial Real Estate, a role to which he brings 16-plus years’ experience covering the commercial real estate industry and 30-plus years in business-to-business journalism. In this capacity, he oversees daily operations while also reporting on both local/regional markets and national trends, covering individual transactions across all property types, as well as delving into broader subject matter. He produces 7-10 daily news stories per day and works with the Connect team and clients to develop longer-form content, ranging from Q&As to thought-leadership pieces. Prior to joining Connect, Paul was Managing Editor for both Real Estate Forum and GlobeSt.com at American Lawyer Media, where he oversaw operations at both publications while also producing daily news and feature-length articles. His tenure in B2B publishing stretches back into the print era, and he has served as Editor in Chief on four national trade publications. Since 1999, Paul has volunteered as the newsletter editor of passenger rail advocacy groups (one national, one local).

  • ◦Financing
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