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California  + Los Angeles  + Finance  | 

Carson Power Center Lands $13M Bridge Loan

Gantry secured a $12.8-million bridge loan to retire existing financing and fund a strategic leasing and improvement program at the Carson Plaza retail power center in Carson. Director Murphy Osborne and associate Joe Foley secured the loan on behalf of a private real estate investor.

The bridge loan, featuring interest-only terms and prepayment flexibility, was secured through one of Gantry’s pre-vetted debt fund lenders specializing in value-add project lending.

Osborne said, “The sponsor for Carson Plaza is seizing an opportunity to re-tenant vacancies and revitalize the overall center in a strategic program that will unfold into 2025. The bridge loan funding offered immediate access to the capital necessary to finalize tenant agreements for an anchor and junior anchor space, strategically meeting an expedited timeline at a cost well below the property’s future stabilized debt service capacity.”

The 80,838-square-foot inline center supports 30 tenant spaces, including anchor and junior anchor spaces currently in lease-up.

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Inside The Story

Gantry's Osborne

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