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Warner Center Business Park

Woodland Hills, CA

$12,700,000

PROPERTY TYPE

Office

DATE

February 3, 2025

FINANCING TYPE

Permanent

Mid-Rise Office Tower in Top Los Angeles Submarket Enjoys Strong Multi-Tenant Occupancy and Experienced Sponsor; Underwriting Office Challenging in Current Cycle, Gantry Finding Solutions

Gantry, the largest independent commercial mortgage banking firm in the U.S., has secured a $12.7 million permanent loan to refinance Warner Center Business Park located in the Warner Center submarket at 5950 Canoga Ave in Woodland Hills, Calif. The traditional suburban mid-rise office building maintains a Class A status through attentive management and ongoing investment. The six-story, multi-tenant property offers 93,619 square feet of space and is near 90% occupied, with a significant volume of renewals occurring post-Covid.


Gantry’s Tony Kaufmann, Principal, and Alex Poulos, Associate, with the firm’s San Francisco production office represented the borrower, a private real estate investor. The permanent, fixed rate loan was secured from one of Gantry’s correspondent insurance company lenders with terms including prepayment flexibility and 25 years amortization. 


According to Gantry’s Tony Kaufmann, “By all accounts, financing any type of office is extremely challenging in the realities of the current cycle. However, we are getting better at identifying the exceptions to this rule. Gantry has dedicated considerable time and resources to developing a pipeline for bringing performing office properties with vested sponsorship to lenders that can underwrite to a property’s unique story and local market fundamentals.  In the case of Warner Center Business Park, we were able to bring a committed sponsor with substantial investment in maintaining a Class A office property at nearly 90 percent occupancy to one of our time-tested correspondent lenders. Once we got them comfortable with the asset’s land value as a potential future redevelopment opportunity, local market status and performance, Gantry was able to structure a fixed rate, permanent loan solution with prepayment flexibility if desired, meeting both our client’s and correspondent lender’s business goals.”

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