Dollar Tree Anchored Center Leased to Range of Retail, Food, and Service Tenants; Life Company Loan in Hybrid Structure Offers Fixed Rate with Prepayment Flexibility

Hayward, Calif. (May 13, 2025) – Gantry, the largest independent commercial mortgage banking firm in the U.S., has secured a $7.7 million hybrid bridge/permanent loan for a stabilized neighborhood retail center located at 22401-22487 Foothill Boulevard in Hayward, an East Bay suburb south of Oakland. The 70,400-square-foot inline center occupies approximately 3.32-acres and is serviced by free city parking. The property is fully-stabilized and features a diverse mix of tenants including Dollar Tree, Arthur Murray Dance Centers, Round Table Pizza and others.

Gantry’s Tony Kaufmann, Principal, and Alex Poulos, Associate, with the firm’s San Francisco production office represented the borrower, a private real estate investor. The hybrid loan was provided by one of Gantry’s top correspondent insurance company lenders and features an upfront fixed rate and prepayment options over a 25-year term. Gantry will service the loan.

According to Gantry’s Tony Kaufmann, “Retail continues to be a preferred target for many of our correspondent insurance lenders, with their emphasis on performing grocery anchored and neighborhood retail centers. While the asset is an older vintage, our team was able to articulate its fully stabilized rent roll, positioning in the pathway of development, and highly experienced sponsorship to secure a fixed rate loan with cash out proceeds to achieve overall client goals for a legacy hold. The hybrid structure offered an upfront fixed rate, fully amortizing over a 25-year term with prepayment flexibility when the loan rate resets providing a timely solution for a pending maturity.”