Property Type Industrial
Financing Type Permanent
Date January 27, 2021
The 64,800-square-foot light industrial/R&D asset is located between I-880 and I-680 on the border of San Jose and Milpitas.
Gantry, the largest independent commercial mortgage banking firm in the U.S., secured a $7,000,000 loan for a trade zone R&D property in San Jose, CA. The 64,800-square-foot light industrial/R&D asset is located between I-880 and I-680 on the border of San Jose and Milpitas.
Mitchell Zeemont and Tony Kaufmann placed a new 10-year, 30-year amortization loan with one of their top institutional life insurance company lenders. The loan featured very favorable terms, including partial-term IO and a fixed-rate rate below 3.00%. Gantry will service the loan as a correspondent to the Lender.