Gantry, the largest independent commercial mortgage banking firm in the U.S., has secured a $15.5 million permanent loan to recapitalize the Fullerton Brea Business Park following the recent all-cash purchase of the asset. The North Orange County multi-tenant industrial park is located at 4010-4080 North Palm St in Fullerton at Imperial Highway and encompasses eight multi-tenant industrial buildings offering a total of 111,000 square feet of rentable space. The asset recently underwent a value-add business plan to improve the business park with additional room for Gantry’s client to further increase rents and increase value.

Gantry’s Andy Bratt, Principal, Peter Welsh, Principal, and Sean Kuang, Associate, with the firm’s Irvine production office secured the loan on behalf of the borrower, a private real estate investor. The five-year, fixed rate loan was provided by one of Gantry’s top life company correspondents and includes full term interest only and prepayment flexibility.

According to Gantry’s Andy Bratt, “This is an experienced sponsor with a sophisticated investment strategy that includes strategic all-cash acquisitions. This was an opportunity for us to return a relevant portion of an all-cash purchase with a fixed rate loan from one of our premier life company correspondents. After reviewing more than 60 options, we arrived at the most attractive loan for the asset, including interest only terms to maximize cash flows and prepayment flexibility. Sponsorship now has fresh capital and flexibility to pursue the next phase of their business plan, both property specific and  at a portfolio level.”