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Simi Valley, Calif. — Gantry has arranged a $26 million bridge loan to refinance maturing debt for Civic Center Plaza, a 145,000-square-foot retail center located in Simi Valley, roughly 40 miles northwest of Los Angeles. Situated on 11.5 acres, the property is occupied by Regal IMAX Cinema, Starbucks Coffee, Panda Express, Carl’s Jr., two credit unions, Unleashed by Petco and a new grocer, which is scheduled to open in 2026.
Mark Ritchie and Austin Ridge of Gantry represented the borrower, a private real estate operator. Funds managed by affiliates of Fortress Investment Group provided the three-year, nonrecourse loan, which features a variable rate and interest-only term.