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Gantry Arranges Refi on Qualcomm-Leased Office/R&D Property

Gantry has secured a $5.2-million permanent loan to refinance a flex office/R&D property strategically located at 3000 Oakmead Village Dr. in Santa Clara. The 19,700-square-foot, single-story building is 100% leased to Qualcomm and directly adjacent to the multi-national company’s Silicon Valley regional campus.

Senior director Murphy Osborne and associate Alex Poulos with Gantry’s San Francisco production office represented the borrower, a private real estate investor. The 10-year, permanent loan was provided by one of Gantry’s life company correspondents with terms including an attractive fixed rate locked earlier this year and 20-year amortization.

Osborne said, “Gantry has worked closely with our correspondent life company lenders over the past 24 months to assess and define what constitutes a viable office loan they are willing to fund. This is a critical development considering the post COVID real estate cycle and Gantry is sourcing attractive financing options for qualifying office properties and flex/R&D properties.”

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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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