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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.”
- ◦Financing


