Refinancing of Landmark Towers
Woodland Hills, CA
$120,000,000
PROPERTY TYPE
Office
DATE
January 18, 2016
FINANCING TYPE
Permanent
George H. Mitsanas of Gantry, has arranged permanent financing in the amount of $120,000,000, with a 13 year term, for a 448,072 SF Class “A”, 13 story high rise office tower, located in Woodland Hills, California. During 2004, Mr. Mitsanas had arranged an $85,000,000 loan for this asset. Acting as the borrower’s exclusive mortgage banker, Gantry arranged the financing through its servicing correspondent, Deutsche Bank Mortgage Capital (DBMC). During the past three years, Mr. Mitsanas and his fellow Gantry principals have placed in excess of $1,000,000,000 with DBMC. The subject property is located in the heart of Warner Center, one of Los Angeles’ premiere office markets in proximity to 101 Freeway, restaurants, shopping, and entertainment. Part of the Warner Center master-planned community consists of over 2 million Square Foot of office product. Gantry principals have financed over $600 million in the Warner Center. The property is 100% leased to a single, investment grade tenant. Due to the unique nature of the lease, the DBMC loan represents a complex and well-thought-out capital structure.