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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.”
- ◦Financing


