Gantry, the largest independent commercial mortgage banking firm in the U.S., has secured a total of $31.76 million of permanent loans to refinance three separately owned California self-storage facilities since the start of 2025. The most recent loan provided $9.76 million in May to refinance an 829-unit facility managed by ExtraSpace located at 224 N A St in Lompoc, a Central Coast community in Santa Barbara County. The second loan provided $10 million in April to refinance the 654-unit StoreLocal Oakley facility located at 4700 Main Street in Oakley, an eastern Bay Area suburb in Contra Costa County. The third loan provided $12 million in February to refinance a 1,124-unit SAF Keep Oakland facility, located at 655 3rd Street in Oakland. These facilities are all operating at fully stabilized conditions with experienced sponsorship and management in place.

Gantry’s Tom Dao, Principal, and Erinn Cooke, Senior Associate, represented the borrowers, separate private real estate investors. The permanent, fixed rate loans were secured via individual lenders from Gantry’s extensive roster of debt sources, including two of the firm’s life company correspondents and an institutional balance sheet lender.

According to Gantry’s Tom Dao, “Gantry enjoys access to a range of lenders with unique financing programs that meet the needs of self-storage assets in various stages of their investment cycle. Our self-storage expertise allows us to survey these options to align clients with the right source for an optimized loan structure. Gantry’s insurance company lenders remain a consistent and highly competitive source for non-recourse self-storage loans, with rate lock at application being a real advantage for their programs in what remains a volatile rate climate.”