Commercial mortgage banking firm Gantry has secured a $10 million loan to refinance a three-building, 38,000-square-foot flex industrial complex in Corte Madera, CA. Located on Koch Road and fronting Highway 101, Marin County’s only north/south freeway, the buildings are 100% leased by two long-term tenants.

Gantry’s Tony Kaufmann and Alex Poulos secured the financing on behalf of the borrower. The fixed-rate loan to refinance CMBS debt, was provided by one of the firm’s exclusive correspondent life insurance company lenders at a low interest rate.

“Life insurance company lenders have remained active in pursuing their 2023 allocation targets which remain substantially unchanged from 2022,” said Kaufmann. “They are looking for high quality assets with a story that articulates long-term market relevancy and experienced sponsorship. The certainty of execution provided by our lenders is what’s separating them from the rest of the market, as many banks are on pause or tightening their credit standards.”

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