Gantry Arranges Life Company Loan on Temecula Offices

Gantry has secured a $9-million life company loan to retire a CMBS loan on Vail Ranch Town Square, a low-rise suburban office building located at 32605 Temecula Pkwy. in Temecula. Principal Tony Kaufmann and associates Toby Judge and Jake Davis with the firm’s San Francisco production office represented the borrower, a private real estate investor in Southern California.

The fixed rate, three-year loan featured a rate lock at application that protected the borrower in a rising rate environment. Gantry will service the loan for the lender.

The three-story, 55,000-square-foot, Mediterranean-style building is 100%-leased to a range of medical, dental, behavioral health and professional service tenants. The location offers abundant surface parking and ready access to nearby retail, dining, and residential neighborhoods.

Kaufmann said, “The case for office continues to improve and Gantry’s roster of life company lenders are showing an increasing willingness to fund new loans on performing assets.”

Connect

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 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).

Order Reprints