Bixby Capital Refinanced Six-Property Portfolio

The real estate firm secured a $110 million loan from State Farm for its industrial and office assets.

Updated on Oct. 8, 2026 in Commercial

Isometric editorial illustration showing a minimalist modular industrial warehouse and a modernist office block in a professional, structured arrangement. — Bixby Capital Management completed a $110 million refinancing for its six-property industrial and office portfolio, securing a 12-year fixed-rate loan from State Farm. AI Illustration. Upload story photo >

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Bixby Capital Management has refinanced a six-property portfolio with a $110 million fixed-rate loan provided by State Farm. The transaction covers industrial assets in Southern California and Texas alongside an office building in Newport Beach.

Why it matters

This refinancing supports the firm's long-term portfolio strategy by maximizing proceeds across its fully leased holdings. The move provides capital stability through a 12-year, full-term interest-only loan structure.

The $110 million permanent loan has a 12-year term and covers six properties, including five industrial sites and a 46,052-square-foot office building at 1501 Quail St. The Newport Beach headquarters was built in 1973 and features 138 parking spaces.

The players

Bixby Capital Management

This is a real estate investment firm that manages a diverse portfolio of industrial and office assets across the United States.

State Farm

This is a large insurance company that also serves as a correspondent lender for commercial real estate financing deals.

Gantry

This is a commercial mortgage banking firm that arranges and services debt for institutional real estate investors.

The details

Gantry arranged the non-recourse financing after evaluating over 40 different options to secure the best terms for the client. The portfolio includes properties spread across Southern California and Texas that are currently fully leased.

January 2014: Bixby acquired the office headquarters property.
October 8, 2026: Bixby Capital Management announced the portfolio refinancing.

Culture Shift

This transaction reflects the ongoing trend of firms managing debt maturity through long-term, fixed-rate financing to insulate portfolios from market volatility. It aligns with broader shifts in how investment managers leverage established assets to support long-term strategies.

The long-term financing arrangement secures the operational status of the 1501 Quail St. headquarters, providing stability for the local business tenants. Residents and commuters will see no change to the daily usage or management of the long-standing Newport Beach office site.

The takeaway

Securing full-term interest-only payments can significantly improve immediate cash flow for property owners by deferring principal repayment. Investors often utilize these loan structures when they intend to hold fully leased assets for extended periods.