Gantry secured a $21-million permanent loan to refinance the home of San Diego County’s North Inland Live Well Center at 649 W. Mission Ave in Escondido, an inland North County suburb. Director Spencer Fisher with Gantry’s Los Angeles production office represented the borrower, a private real estate investor responsible for the property’s original redevelopment. The 10-year CMBS loan was secured from one of Gantry’s conduit lending sources and features 30-year amortization and non-recourse terms

Fisher said, “All office financings in this market are a challenge, but our borrower elected to start working on and close this office refinance well in advance of an existing loan maturity, which I think is prudent as there is only so much room for office assets within these CMBS pools.”

The 111,000-square-foot, build-to-suit office facility was redeveloped for current use in 2015 from a big box retail building formerly occupied by Office Depot and Albertsons. The 100%-leased property still includes a small portion of retail space occupied by restaurant tenants.

Thursday, March 20: Be there to learn from and network with the experts from Gantry, CBRE, Wonderful Real Estate, BKM Capital Partners, Thorofare Capital, Kidder Mathews, Buchanan Street Partners, and many more on March 20^th at the 9^th annual Connect Orange County conference. Don’t miss out on the industry’s most insightful Orange County CRE event of 2025. Be sure to register in advance; registration pricing increases on event day. www.ConnectOC2025.com