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**Gantry Secures $12.7M Refinance Loan for San Jose Industrial Property**
Gantry has successfully arranged a $12.7 million permanent loan to refinance a stabilized, multi-tenant industrial building located at 2071 Ringwood Avenue in San Jose, California. The financing was secured on behalf of a private real estate investor by Murphy Osborne, Director, and Alex Poulos, Associate, from Gantry’s San Francisco production office.
The loan is a 10-year, non-recourse, fixed-rate structure sourced through one of Gantry’s correspondent insurance company lenders. It features a 25-year amortization term and will be serviced by Gantry.
The industrial property spans 106,000 square feet and offers immediate access to I-880 and the Montague Expressway, enhancing its appeal in the heart of Silicon Valley. The facility includes 22 dock-high and two drive-in doors, 22-foot clear height, a secured, fenced truck yard, and approximately 7,724 square feet of office space between the ground floor and mezzanine level.
Osborne noted, “While the building’s condo overlay presented a unique complexity for underwriting, Gantry leveraged the property’s strategic infill location, stabilized tenant base, and strong performance metrics to position the asset for the desired amortizing, permanent loan. After evaluating several options, we were able to lock in an attractive rate and close on a loan that supports a long-term, legacy hold strategy.”
This latest financing reflects Gantry’s continued expertise in securing tailored financing solutions for commercial properties in competitive markets.
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