Reno, Nev. — Gantry has arranged a $17.8 million permanent loan to refinance North Reno Plaza, a 130,000-square-foot neighborhood center in Reno.
Tony Kaufmann and Alex Poulos of Gantry represented the borrower, a private real estate investor, in securing the five-year, fixed-rate loan through one of Gantry’s lenders, which features a 30-year amortization schedule. The new loan will retire the construction debt Gantry previously arranged for the borrower for the 2024 repositioning of North Reno Plaza.
The recent renovation features various center improvements, including the addition of several new tenants such as El Super Supermarket, a free-standing Starbucks with a drive-thru and Burlington. North Reno Plaza also features a roster of fast-food restaurants, professional services and fitness businesses.