Gantry Arranges $110M Refi for Bixby Capital Portfolio

Gantry has secured a $110-million permanent loan to refinance a six-property portfolio for Bixby Capital Management. The portfolio includes five single-tenant industrial assets in Southern California and Texas submarkets and Bixby’s headquarters office building in Newport Beach. All six assets are 100% leased.

Senior director Stephan Coste, principal Andy Bratt and associate Nick Severson of Gantry’s Irvine production office, represented the borrower. The 12-year, fixed-rate, non-recourse loan was secured from one of Gantry’s long-time correspondent insurance company lenders and features full-term interest-only. Gantry will service the loan.

The loan’s flexible structure gives Bixby the freedom to adjust its portfolio over time while keeping its long-term financing in place. Tailored collateral flexibility supports Bixby’s long-term portfolio strategy.

Coste said, “Insurance company correspondents remain a time-tested source of permanent debt in any cycle. We evaluated more than 40 options to find the right structure and the right partner to maximize proceeds for this high-quality, fully leased portfolio.”

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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).

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