Gantry, the largest independent commercial mortgage banking firm in the U.S., has secured a $12 million permanent loan to refinance a short-term acquisition loan for Martin Industrial Park located at 2255-2285 Martin Avenue in Santa Clara, one of Silicon Valley’s dominant technology submarkets. The three-building park offers approximately 53,000 square feet of existing light industrial space, strategically located in proximity to fast growing Silicon Valley tech data center operations. Financed for its current stabilized performance metrics, the prime infill location offers an excellent cash flowing investment with future redevelopment potential to meet fast-growing modern space demands in the region.

Gantry’s Tony Kaufmann, Principal, Joe Foley, Senior Associate, and Toby Judge, Associate, with the firm’s San Francisco production office represented the borrower, a private real estate investor. The five-year, fixed rate, non-recourse loan was secured from one of Gantry’s correspondent life company lenders and features an initial interest only period, then 30-year amortization. Gantry will service the loan.

According to Gantry’s Tony Kaufmann, “This is a strategic infill location, currently stabilized by its light industrial uses but also well positioned for a future redevelopment in Santa Clara’s dynamic tech market. Our goal was to effectively stabilize this asset for an experienced sponsor with fixed rate debt at maximum proceeds tied to current performance metrics, with the flexibility for a future redevelopment or sale as they explore various options. Positive movement in underlying treasury benchmarks throughout 2025 has dramatically improved rates for most permanent debt, and our life company correspondents are responding to a competitive landscape with a willingness to work with qualified borrowers on tailored loan terms. This can include interest only options and prepayment flexibility for fixed rate, non-recourse permanent loans optimized to support future investment goals.”