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California  + Bay Area  + Finance  | 
Gantry arranged permanent financing to refinance a CMBS loan on an industrial park in Richmond, California

Permanent Loan Refis CMBS on Richmond Industrial Park

Commercial mortgage banking firm Gantry has secured a $19.4-million permanent loan to refinance a maturing CMBS loan on Central Avenue Center in Richmond. The five-building, multi-tenant industrial park spans approximately 150,000 square feet and serves a diverse but stable base of small businesses. 

Director Tony Kaufmann and associate Alex Poulos with Gantry’s San Francisco production office secured the financing on behalf of the borrower, a private real estate investor. The 10-year loan was provided by one of Gantry’s correspondent life company lenders, featuring an attractive fixed rate and terms. 

Kaufmann said, “Industrial as an asset class remains a favored product type for Gantry’s exclusive roster of life company lenders. While this well-maintained asset is what many would consider a Class C property due to its age, it’s one of the few properties in this dynamic East Bay region formatted to support smaller users.” 

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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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