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$25M Permanent Loan Retires West LA Construction Debt

Gantry secured a $25.4-million permanent loan to retire construction financing for the recently completed SW by CLG in Los Angeles. Located at 1947 Sawtelle Blvd. in West LA’s Japantown neighborhood, the four-story, Class A apartment building features 88 units and street-front retail space occupied by five restaurant concepts.

Principal Andy Bratt and associate Sean Kuang with Gantry’s Irvine production office represented the borrower, one of Southern California’s premier real estate developers. The five-year loan was secured from one of Gantry’s correspondent life insurance companies and features a fixed rate with interest-only terms and flexible pre-payment penalty.

Bratt said, “Sponsorship had a very specific approach to finding the right capital source for SW by CLG and recognized Gantry’s mortgage banking platform as a great way to access best in class life insurance companies. Gantry worked with sponsorship on a very targeted marketing process, understanding the desired terms that would be necessary for making a deal.

He continued, “We ultimately locked with one of Gantry’s life company correspondent relationships with a permanent, five-year loan featuring a fixed rate, interest-only terms, and pre-payment flexibility to anticipate a potential lower future rate climate.”

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Inside The Story


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 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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