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October 5, 2023
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Investor Locks Up $20 Mil in Financing on Two-Property CA Portfolio


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.

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