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Gantry, a leading commercial real estate finance firm, recently facilitated the acquisition of Huntington Oaks retail center in Monrovia through a $55.9 million purchase money permanent loan. The property, located at 500-600 W. Huntington Dr., offers 251,000 square feet of leasable space and is home to several national retailers, restaurants and service providers.
The borrower for this transaction was represented by Gantry’s El Segundo production office principals George Mitsanas and Braden Turnbull along with associate Austin Ridge. The five-year fixed-rate loan was secured through one of Gantry’s correspondent insurance lenders and features full-term interest-only payments.
According to Mitsanas, there is currently strong demand from experienced sponsors and investors with significant equity looking to make transactions during this phase of the market cycle. This trend is expected to continue into 2025 as retail has proven resilient post-COVID-19 pandemic. Lenders are taking notice of this performance and are actively seeking opportunities in power centers, grocery-anchored properties,and neighborhood retail assets in both urban and suburban markets.
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