Los Angeles, Calif. – Gantry, the largest independent commercial mortgage banking firm in the U.S., has secured $38 million in financing for the fee simple interest in a parcel located at the prominent corner of Rodeo Drive and Brighton Way in the heart of the Beverly Hills luxury goods shopping district known as The Golden Triangle. The fee simple parcel is subject to a long-term ground lease with improvements consisting of an 18,380-square-foot high street retail structure occupied by luxury brands including Guess, Goyard, Bulgari, Wolford, Christofle, and Bonpoint.

Gantry’s Andy Bratt, Principal, with the company’s Irvine production office, and Amit Tyagi, Senior Director in the Los Angeles office, secured the loan on behalf of the borrower, a private generational real estate family with years of experience, particularly in the Golden Triangle and along Rodeo Drive. Lincoln Financial Group, one of Gantry’s correspondent life company lenders, provided the 18-year loan at an attractive fixed rate well inside 3%, fully amortizing over the loan’s term.

According to Gantry’s Andy Bratt and Amit Tyagi, “Not all retail is created equally. The property and surrounding location hosts some of the world’s most iconic luxury retail brands, located in the heart of Rodeo Drive in the Beverly Hills Golden Triangle. The street includes retailers like Louis Vuitton, Gucci, Prada, Saint Laurent, Tom Ford and many more, attracting shoppers from around the globe. The Sponsor’s Family is the original developer of the improvements and was a major force in shaping Rodeo Drive as the luxury shopping destination it is known as today. This is truly a once in a lifetime opportunity to finance a legacy asset located in one of the world’s most high-profile and desirable locations. The borrower was seeking the lowest possible interest rate, a self-amortizing loan, and a unique structure for estate planning purposes. On behalf of the borrower, Gantry was able to structure best-in-class rates and terms with Lincoln Financial Group to accommodate both the best economic terms required to transact on this caliber of real estate along with a structure tailored specifically to Sponsor’s estate plan. Lincoln was attracted to the remarkably low leverage coupled with the iconic location with the expectation that Beverly Hills and Rodeo Drive will remain one of, if not the, premier shopping and luxury destinations in the world.”