Gantry, the largest independent commercial mortgage banking firm in the U.S., has secured a $25 million permanent loan to refinance a stabilized, high-quality Cupertino senior housing community. The 55-plus, independent senior property features160-units in studio, suite, and two-bedroom floorplans. Amenities at the community include meal service, social activities, housekeeping and laundry, valet parking, concierge services, 24-7 staffing, swimming pool, fitness center, mediation garden, and landscaped courtyards with seating.

Gantry’s Mitch Zeemont, Principal, Jeff Wilcox, Principal, Robert Slatt, Principal, and Erinn Cooke, Senior Associate, represented the borrower, a private real estate investor. The ten-year, fixed rate loan was provided by one of Gantry’s insurance company correspondents and features 30-year amortization. Gantry will service the loan.

According to Gantry’s Mitch Zeemont, “While age-restricted properties can be more challenging to finance than open format assets, Gantry’s long-standing relationships with our insurance company correspondent lenders allows us to offer access to top-tier permanent financing for high quality and performing properties in this specialized vertical. After working through a competitive survey of potential lenders, we were able to successfully underwrite a permanent loan at an attractive fixed rate for a continued long-term legacy hold with one of our top insurance company correspondents.”