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Gantry secures $110M refi for Bixby Capital’s six-property portfolio

The 12-year, fixed-rate, non-recourse loan includes full-term interest-only and refinances five single-tenant industrial assets plus Bixby’s Newport Beach headquarters office.

Reported · Written up by our desk · Industry

Gantry has secured a $110-million permanent loan to refinance a six-property portfolio for Bixby Capital Management, according to ConnectCRE.

The portfolio includes five single-tenant industrial assets across Southern California and Texas submarkets, along with Bixby’s headquarters office building in Newport Beach.

ConnectCRE said all six assets are 100% leased, and the deal is structured as a 12-year, fixed-rate, non-recourse loan with full-term interest-only.

Gantry will service the loan, and ConnectCRE noted the flexible structure is designed to give Bixby room to adjust its portfolio over time.

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