Gantry, the largest independent commercial mortgage banking firm in the U.S., has successfully arranged an $8.8 million bridge loan for the acquisition & repositioning of "The Cannery," a 101,827 square-foot, multi-tenant creative office property located at 300 Orchard City Drive in the historic downtown area of Campbell, California. This is yet another transaction that highlights Gantry’s ability to secure flexible capital for clients pursuing value-add strategies.

Gantry’s Mark Ritchie, Principal, and Keegan Bridges, Associate, from the firm’s Los Angeles office, arranged the three-year, fixed-rate, interest-only loan for the sponsor, BH Properties. Secured from one of Gantry’s correspondent insurance company lenders, this post-acquisition financing provides BH Properties with an efficient source of funds for their capital management strategy.

According to Gantry’s Mark Ritchie, “We are seeing insurance company capital willing to finance office acquisitions in some markets, and we expect to continue seeing more assets trade as current owners and lenders choose to get office buildings off their books. Gantry’s long-time relationships with our correspondent lenders have proven to be critical in order to fund office debt. This loan reflects a timely acquisition at a low-cost basis reflecting current occupancy. Most importantly today, sponsorship matters. BH Properties has extensive experience in purchasing and turnarounds of these kinds of assets.”

John Crump of BH Properties commented, "This acquisition highlights BH Properties commitment to acquire high quality, market priced assets in target markets. Gantry is well attuned to our needs and their quick understanding of The Cannery story enabled them to bring in the right capital for plan.”

About BH Properties

Founded 32 years ago, privately held BH Properties (http://www.bhproperties.com) is a vertically integrated real estate investment company focusing on the acquisition and management of a geographically and product diverse portfolio of assets. The Los Angeles-based company, with six regional offices in San Francisco, Phoenix, Dallas, Houston, Seattle and Riverside, CA, continues to focus on value-add transactions, distressed debt, gap financing, and ground leases. In early 2025, the Company launched ‘Haven Housing’, an investment vertical focused exclusively on the acquisition of affordable and market rate communities throughout the western half of the United States.