Gantry 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, including two Bay Area properties. 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 St. 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 St. in Oakland. These facilities are all operating at fully stabilized conditions with experienced sponsorship and management in place.
Gantry principal Tom Dao and senior associate Erinn Cooke represented the borrowers, separate private real estate investors. The permanent, fixed-rate loans were secured via individual lenders from Gantry’s roster of debt sources, including two of the firm’s life company correspondents and an institutional balance sheet lender.
Be there on June 18 when Gantry principal George Mitsanas joins other CRE finance leaders for the “Financing in Today’s Market” panel discussion during the 9th Annual Connect Los Angeles 2025, June 18 at the Intercontinental Los Angeles Downtown. Register to attend and hear expert insights first-hand, network with the best in the industry, and sit in on discussions you won’t hear anywhere else.
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