Gantry has successfully obtained a $15.5 million permanent loan to refinance the Lake View Village mixed-use office and retail project in downtown Lake Oswego, a suburb of Portland’s metropolitan area.
The impressive development, situated at State Street and A Avenue, consists of six village-style buildings ranging from one to three stories. It offers 91,000 square feet of rentable space for both offices and retail establishments. The center is home to some of the most popular dining options, retailers, and professional service providers in Lake Oswego.
Blake Hering (Principal) and Alicia Sabanero (Associate), from Gantry’s Portland production office represented the borrower – a private real estate investor who was also the original developer behind this master-planned landmark project. The 10-year loan was secured through one of Gantry’s correspondent life company lenders with an attractive fixed rate over a 30-year amortization period.
According to Blake Herring (Principal at Gantry), “Lake View Village remains under its original developer’s ownership as it continues to hold its position as one of the top destinations for businesses looking for prime office or retail space within their local community.”
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