Dollinger Properties Secures $27.5MM of Permanent Financing for Fremont Tech Park II

Dollinger Properties, Gantry, Fremont, Redwood City, Bay Area, Fremont Tech Park II, Silicon Valley

Multi-Tenant Light Industrial/R&D Campus Strategically Positioned to Serve the Bay Area’s Life Science and Technology Industries; Generationally Low Fixed-Rate, Legacy-Hold Financing Options for Similar High Quality Industrial Assets Remain Readily Available Moving into Q2 2022

(EDITOR’S NOTE: Accoridng to public documents, the property is located at 46400 Fremont Blvd. in Fremont, Calif., and the owner is Redwood City-based Dollinger Properties.)

Fremont, Calif. (April 19, 2022) – Gantry, the largest independent commercial mortgage banking firm in the U.S., has secured $27.5 million of permanent financing for Fremont Tech Park II. The 140,000-square-foot, three-building, light industrial/R&D flex-tech campus is located on the I-880 industrial corridor in Fremont, CA. Originally developed in 1998, the modernized and well-maintained campus features high image design and landscaping with ready access to the greater Silicon Valley region.

Gantry’s Tony Kaufmann, Director, with the firm’s San Francisco production office represented the borrower in obtaining financing. The 11-year, fixed rate loan was provided by one of Gantry’s correspondent life company lenders and will be locally serviced by the firm. By recapitalizing Fremont Tech Park’s with a new, long-term fixed rate loan at what remains a generationally low interest rate, the asset is positioned for stabilized performance during the decade ahead.

According to Gantry’s Tony Kaufmann, “Light industrial/R&D space remains in high demand from the many technology and life sciences companies that call the Bay Area and Silicon Valley home. Well maintained, mature properties like Fremont Tech Park II have performed well during the pandemic as the demand for flexible lab space has surged. These market fundamentals resonate well with a host of lenders looking to lend on high quality industrial properties with solid sponsorship. For quality assets, we continue to see multiple financing options from different sources that meet different investment outcomes, all at what remain generationally low interest rates that are especially appealing for a legacy hold strategy.”

About Gantry
Gantry, a privately held company headquartered in San Francisco, is a full-service mortgage banking firm with an extensive lineup of correspondent lenders utilizing Gantry’s production, closing and servicing capabilities. Established in 1991, Gantry is currently staffed by nearly 90 professionals in regional offices throughout the western United States and in New York with over 40 production teams that originated over $5.1 Billion in 2021. The company’s national servicing platform of $17 billion represents more than 2,100 loans located in 43 states. Gantry is rated as a Primary Servicer by Standard & Poor’s and is one of a select few non-banking/non-insurance-chartered companies with this designation.

West Coast Commercial Real Estate News