Gantry Secures $15M Permanent Loan for Lake Oswego Mixed Use

Gantry has secured a $15.5 million permanent loan to refinance the Lake View Village mixed-use office above retail project located in downtown Lake Oswego, a suburb of the greater Portland MSA.

The master-planned landmark project is located at State Street and A Avenue and offers 91,000 square feet of rentable office and retail space in six village-style buildings ranging from one to three stories. Occupants include a roster of Lake Oswego’s top dining, retail, and professional service tenants.

Gantry’s Blake Hering, Principal, and Alicia Sabanero, Associate, with the firm’s Portland production office represented the borrower, a private real estate investor and the center’s original developer. The 10-year loan was provided by one of Gantry’s correspondent life company lenders and features 30-year amortization at an attractive fixed rate.

According to Gantry Principal Blake Herring, “Lake View Village is a legacy hold asset still owned by its original developer who has maintained its top position in the local community as a premier address for retail and office operations.”