
Gantry Arranges Refi on Milpitas Neighborhood Retail
Gantry secured a $14.2-million permanent loan to refinance Victorian Square, a 48,000-square-foot neighborhood retail center located in the Silicon Valley community of Milpitas. The borrower was a private real estate entity.
A Gantry team of principal Andrew Mekjavich, director Ben Johnson and senior associate Erinn Cooke secured the loan on behalf of the borrower. The fixed-rate loan was provided by a regional bank and was structured to retire a debt facility that the Gantry team placed in 2018.
“We signed this loan up a few days after First Republic Bank failed,” said Mekjavich. “The market was choppy, and lender feedback reflected it. We had many quotes for this loan; however, the client followed our lead in selecting a lender with whom we’ve executed many times.”
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- ◦Financing