October 26, 2020
Gantry safeguarded a $45,000,000 loan for Palo Alto Commons and also Avant, an elderly living facility in Palo Alto, CA. The Class A center encompasses Palo Alto Commons, a 142-unit assisted living center constructed in 1990, and Avant, a 45-unit independent living center built in 2012.
Gantry’s Jeff Wilcox and also Charlie Kokernak stood for the consumer on an unique basis on the refinancing. The seven-year finance was prepared through Freddie Mac using Gantry’s contributor relationship with Pedestrian & & Dunlop.
“In spite of the tough COVID market, we had the ability to safeguard terrific financing terms that will certainly profit the proprietors and also the home for the next seven years,” claims Gantry’s Wilcox, that kept in mind that this was a refinance of a building lending he carried out with HUD in 2012.
Palo Alto Commons is a three-story timber framework facility that offers traditional assisted living services in addition to higher acuity memory treatment solutions. Avant compliments the procedures of Palo Alto Commons.
For comments, concerns or issues, please call Dennis Kaiser