$8,600,000 Refinance Secured for Industrial Property in Gardena, CA
Mar 20, 2026 Bank
Deal Summary
Cathay Bank recorded a $8,600,000 deed of trust crossing eight Gardena warehouse parcels on Gramercy Place. The loan was executed March 20, 2026 and recorded April 8, 2026 in Los Angeles County under document 246597 (APN 4061-025-093), crossed against seven additional parcels. County records list the owner as Gramercy Properties Llc.
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Transaction Details
- Closing Date
- Mar 20, 2026
- Loan Amount
- $8,600,000
- Loan Type
- Bank
- Loan Purpose
- Refinance
- Capital Type
- Senior Debt
- Asset Type
- Industrial
- Source
- County record
Property
- Address
- 13721 Gramercy Pl
- City, State
- Gardena, CA
- Market
- Los Angeles
Property Facts
- Building Size
- 13,572 sq ft
- Lot Size
- 30,805 sq ft (0.71 ac)
- Year Built
- 1982
- Buildings
- 1
- Zoning
- GAM2
- Subtype
- Warehouse
- Floor Area Ratio
- 0.44
Sale History
Last sold for $1,778,000 on Jan 29, 2007. Prior owner Private party.
Prior Financing
| Recorded | Lender | Amount | Instrument | Type |
|---|---|---|---|---|
| Apr 8, 2026 | CATHAY BK | $8,600,000 | Deed Of Trust | CONVENTIONAL |
| Aug 26, 2016 | MANUFACTURERS BK | $4,400,000 | Deed Of Trust | CONVENTIONAL |
| Jan 31, 2007 | MANUFACTURERS BK | $1,424,000 | Deed Of Trust | CONVENTIONAL |
| Jun 20, 2002 | BANK OF AMERICA | $670,000 | Deed Of Trust | CONVENTIONAL |
| May 24, 1993 | SUMITOMO BK | $194,000 | Deed Of Trust | CONVENTIONAL |
| Jul 31, 1991 | Private party lender | $120,000 | Mortgage | PRIVATE PARTY LENDER |
| Jul 21, 1987 | GARDENA BUSINESS PARK | $360,000 | Mortgage | PRIVATE PARTY LENDER |
Recorded mortgage history from county records. Amounts are original recorded principal, not current balances.
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Transaction details are compiled from public announcements, press releases, industry reporting, or information submitted by parties to the transaction, and have not been independently verified by LoanList CRE. Terms shown may be approximate. Nothing on this page constitutes a quote, offer, or guarantee of financing terms. Full disclaimer.