Gantry, the largest independent commercial mortgage banking firm in the U.S., secured a $13.25 million permanent loan at the close of 2025 for the acquisition Carlsbad Pacific Center office campus, a three-building, 130,019-square-foot, multi-tenant office campus located at 701, 703, 705 Palomar Airport Road in Carlsbad, a coastal North San Diego County suburb. The loan was the second office acquisition loan secured by Gantry for an experienced sponsor assembling a portfolio of quality office space in this ocean fronting submarket. Gantry earlier secured a $11 million permanent loan for the acquisition of two office buildings located at 1902 and 1903 Wright Place in Carlsbad. 

Gantry’s Andy Bratt, Principal, and Sean Kuang, Associate, with the firm’s Irvine production office represented the borrower for each loan, Strauss Investments. The seven-year, fixed rate, non-recourse loan for Carlsbad Pacific Center features partial term interest only with an attractive fixed rate. 

According to Gantry’s Andy Bratt, “The case for office continues to improve, and a growing number of lenders are returning to originations on viable properties in the asset class. The return to office trend continues to evolve, giving prime locations and quality environments a competitive advantage in today’s leasing climate. Assets trading at a new basis aligned to the current cost of capital and achievable rents have created a climate for underwriting that accurately reflects debt service and performance expectations. Notably, our network of insurance correspondents has returned with confidence to underwriting office loans for purchase or refinancing when experienced sponsorship is in place with committed equity, asset metrics are demonstrable, and a clear plan for future performance is detailed. 2025 marked a substantial improvement for office financing, and we see that continuing in 2026.”