|
|
1/16/23
|
An unnamed private investor has obtained $20 mil of financing for a cross-collateralized, two-property, mixed-asset portfolio located in high-profile California submarkets.
The first property features two suburban office buildings totaling 25.5k sf, located on State St in Santa Barbara. The second property is a 12.5k sf, street-fronting retail property located on Colorado Blvd in the heart of the Old Town District of Pasadena. The multi-tenant portfolio includes notable tenants: fashion retailer Zara in Pasadena and Chase Bank in Santa Barbara.
Gantry’s Mark Ritchie, Amit Tyagi, and Alicia Sabanero secured the permanent loan for the borrower, a private real estate investor. The 15-year loan encompassing both assets was funded through a regional bank lender and begins with a five-year interest only period, followed by 25-year amortization for the remainder of the term.
|
|
 Return to the previous page
|
|
|
|
|
Printer-friendly Version
Email an Associate
