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4/28/25
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A private investor has obtained a $15 mil permanent loan for the acquisition of North Canyons Business Center, a six-building, 105k sf business park in Livermore. The property is located at 3025-3095 Independence Drive.
The park has tenants operating in both industrial and oSice formats. Plans for repositioning the asset include increasing industrial use ratios at the property and an active leasing program.
Gantry’s Tony Kaufmann and Joe Foley arranged the 10-year, fixed rate loan, which was structured as a high-leverage hybrid between a perm and bridge loan. The loan was funded through an insurance company lender, with an interest only period transitioning to 30-year amortization. Gantry will service the loan.
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