Gantry Arranges Recapitalization for NorCal Industrial Portfolio

Gantry has secured a $28.3 million loan to recapitalize a three-building portfolio of industrial properties located in California’s Central Valley. The cross-collateralized properties encompass a total of 531,000 square feet and are located at 550 N. Pioneer Ave in Woodland, 9971 Horn Rd in Sacramento, and 401 South Granada Drive, Madera. The portfolio is 100% leased to a diverse lineup of industrial users.

Principal Tony Kaufmann and associate Toby Judge with Gantry’s San Francisco production office represented the borrower, a private real estate investor. The five-year, non-recourse, floating rate loan was provided by one of Gantry’s correspondent life company lenders and includes full term interest only. Gantry will service the loan for the lender.

Kaufmann said, “This trio of quality assets was uniquely positioned to unlock substantial value from the individual properties in a cross-collateralized loan. In effort to achieve a strong rate in today’s volatile rate climate, we were able to structure a core floating rate program from one of Gantry’s life company correspondents that retired an existing recourse bank facility.”

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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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