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California  + Bay Area  + Finance  | 

Gantry Arranges Refi on Petaluma Shopping Center

Gantry secured a $9.5-million permanent loan to refinance the Plaza North Shopping Center located at 201-313 N, McDowell Blvd. in Petaluma. The 101,000-square-foot center is anchored by grocer Lola’s Market, CVS Pharmacy, Starbucks, GNC and Club Pilates.

Principal Robert Slatt, associate Andrew Ferguson and senior closer Maria Zwick with Gantry’s San Francisco production office secured the loan on behalf of the borrower, a private limited partnership. The seven-year, fixed-rate, permanent loan was provided by one of Gantry’s correspondent life company lenders, replacing a maturing loan from 2013.

Slatt said, “Neighborhood shopping centers and essential retail remain strong performers post COVID, with evolving long-term fundamentals pointing to sustaining that trend. Our insurance company correspondents have remained an accessible and consistent source for loans in the retail space for these reasons and rely on us to identify qualifying sponsors and properties that can meet their requisite underwriting criteria.”

Get insight from retail CRE Leaders like Paragon Commercial Group, Co-Founder and Principal, Jim Dillavou. Attend Connect Retail West on November 16 at Luxe Sunset Blvd Hotel.  

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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).

  • ◦Financing
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