Boston/Cambridge Regional Facility 64% Leased to Regional Healthcare Provider; Gantry Continues to Rely on Roster of Correspondent Lenders for Office in Challenging Cycle
Boston, Mass. (March 18, 2025) – Gantry, the largest independent commercial mortgage banking firm in the U.S., has secured a $30 million permanent loan to refinance a 101,000-square-foot, four-story medical office building located at 40 Holland Street in Somerville, a suburban satellite of the greater Boston-Cambridge-Newton MSA. The property, Davis Square Center, is 100% occupied with 64% leased to Atrius Health, a regional healthcare provider.
Gantry’s Andy Bratt, Principal, and Sean Kuang, Associate, with the firm’s Irvine production office represented the borrower, one of the largest healthcare-focused REITs in the country. The five-year, fixed rate loan was provided by one of Gantry’s correspondent insurance companies with 30-year amortization. Gantry will service the loan.
According to Gantry’s Andy Bratt, “Financing office of any stature in today’s market environment presents many challenges. Fortunately, our roster of Life Insurance Companies allows us access to lenders that will recognize a quality asset with a strong story. Gantry was able to clearly articulate the project’s superior performance and strong fundamentals to one of our preferred insurance correspondents during underwriting, securing a stable, market-leading, fixed-rate, non-recourse permanent loan supporting our client’s legacy hold strategy.”
About Gantry
At Gantry, independent thinking is in our genes. As a privately held firm, we take an intentional approach to everything we do. So, as our industry consolidates and becomes less personal, we push ourselves to ignore convention, to set a high standard and to always prioritize people ahead of profits. With over 30 years of experience of loan production and managing a $23 billion national servicing portfolio, our firm leverages a well-established correspondent-driven platform to construct the best financing solutions for our clients. For those seeking a partner that delivers more, we’re a little different. The right kind of different. To find out how and why, click here: www.gantryinc.com
The full content of this article is only available to paid subscribers. If you are an active subscriber, please log in. To subscribe, please click here: SUBSCRIBE
