10Y UST5.11%+3.02%30Y MTG7.03%+1.15%SOFR3.88%+0.26%VNQ$90.99-0.20%XLRE$41.58-0.16%FED FUNDS3.88%
Real Estate Trail
Institutional Press Wire
REBusiness Online · Vail · Office

Gantry Secures $9M Permanent Loan for Office Building in Temecula, California

Via REBusiness Online · September 25, 2026
Compiled by Real Estate Trail Editorial · September 25, 2026

Why this matters

Office continues to trade in two distinct markets: trophy assets in walkable submarkets that are leasing at or near record rents, and commodity Class B and C buildings where the basis is still resetting. Underwriting on the latter has moved toward replacement-cost-minus, with credit underwriting now leaning on tenant covenant and remaining lease term rather than mark-to-market expectations. Vail land basis continues to clear at new highs in the village and adjacent submarkets. Luxury hospitality remains supply-constrained and tightly held. For LP-positioned capital, the read-through is that the bifurcation is now a structural feature of the sector, not a cycle to wait out.

Editorial analysis · Real Estate Trail Editorial

On the RET wire

Computed from Real Estate Trail’s own tracked coverage

Excerpt from REBusiness Online:
TEMECULA, CALIF. — Gantry has secured a $9 million life company loan to retire a CMBS loan on Vail Ranch Town Square, a low-rise office building in Temecula. Tony Kaufmann, Toby Judge and Jake Davis of Gantry represen…
Read the full article at REBusiness Online →

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