Gantry, the largest independent commercial mortgage banking firm in the U.S., has secured a $15.5 million permanent loan to refinance the Lake View Village mixed-use office above retail project located in downtown Lake Oswego, a suburb of the greater Portland MSA. This master planned landmark project is located at State Street and A Avenue--a main & main location, and offers a total of 91,000 square feet of rentable office and retail space in six village-style buildings ranging from one- to three-stories. Occupants include a roster of Lake Oswego’s top dining, retail, and professional service tenants.

Gantry’s Blake Hering, Principal, and Alicia Sabanero, Associate, with the firm’s Portland production office represented the borrower, a private real estate investor and the center’s original developer. The 10-year loan was provided by one of Gantry’s correspondent life company lenders and features 30-year amortization at an attractive fixed rate.

According to Gantry Principal Blake Hering, “Gantry’s roster of correspondent life company lenders continues to offer a consistent and reliable source for permanent loans in the current market cycle. Lake View Village is a legacy hold asset still owned by its original developer who has maintained its top position in the local community as a premier address for retail and office operations. Although we remain in a challenging climate for financing office property in general, continued performance of the office component at Lake View Village is supported by the strong performance of its retailers.  These retailers offer an attractive amenity base for office tenants and include many of the best dining and shopping options in downtown Lake Oswego. Our life company correspondents respond to performance, quality, and sponsorship, which led to us to securing this superior loan after a competitive vetting process across numerous available lender options.”