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California  + Bay Area  + Finance  | 

Gantry Arranges Refi for Cupertino Senior Housing

Gantry arranged a $25-million permanent loan to refinance a stabilized, 160-unit Cupertino senior housing community. Principals Mitch Zeemont, Jeff Willcox and Robert Slatt and senior associate Erinn Cooke represented the borrower, a private real estate investor.

The 10-year, fixed-rate loan on the 55-plus independent living property was provided by one of Gantry’s insurance company correspondents and features 30-year amortization. Gantry will service the loan.

Zeemont said, “While age-restricted properties can be more challenging to finance than open format assets, Gantry’s long-standing relationships with our insurance company correspondent lenders allows us to offer access to top-tier permanent financing for high quality and performing properties in this specialized vertical. After working through a competitive survey of potential lenders, we were able to successfully underwrite a permanent loan at an attractive fixed rate for a continued long-term legacy hold with one of our top insurance company correspondents.”

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Gantry's Zeemont

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