

Las Vegas Industrial Portfolio
Las Vegas, NV
$26,000,000
PROPERTY TYPE
Industrial
DATE
January 14, 2025
FINANCING TYPE
Refinance
Three Strip-Adjacent, Stabilized, Multi-Tenant Properties Centrally Located; Trio of Assets Represent Case Study for Gantry’s Insurance Correspondent’s Preferred Allocation Targets
Gantry, the largest independent commercial mortgage banking firm in the U.S., has secured a $26 million permanent loan to refinance a three asset portfolio of multi-tenant industrial buildings centrally located in Las Vegas at strip adjacent locations. The cross-collateralized properties encompass a total 276,000 square feet of space and include Valley View Business Park at 3021 Valley View Blvd, The Park @ Arville at 4350 Arville St, and Valley View Commerce Center at 5130-5230 S Valley View Blvd.
Gantry’s Adam Parker, Principal, Mike Taylor, Principal, Brian Bonipart, Senior Director, and Chad Metzger, Senior Associate, represented the borrower, a private wealth manager. The five-year, fixed rate loan was secured from one of Gantry’s correspondent insurance company lenders and features a full-term interest only structure.
According to Gantry’s Adam Parker, “The three flex industrial assets benefit from being located near the Las Vegas strip. Each asset is a multi-tenant property with strong occupancy, and together they have shown increased net operating income over the past three years. We created a marketplace for this loan request and had many interested lenders that were competing to win the assignment. Ultimately, the competition allowed us to secure a very competitive interest rate spread and full-term interest only payments for our client.”