Metropolitan Capital Advisors Closes $9,400,000 in Commercial Refinance for 3 Separate Retail Properties

Dallas, Texas based Metropolitan Capital Advisors (MCA), a financial intermediary specializing in the exclusive representation of investors, developers and property owners in the commercial real estate capital markets, has arranged a commercial refinance of three fixed rate mortgages for three properties totaling $9,400,000.

  1. commercial-refinanceCrockett Shopping Center located in Crockett, TX, is a 58,050 square foot, one-story, neighborhood retail center located on Loop 304. The 5.75% fixed rate loan was in the amount of $1,325,000 for a term of 7 years that has a 30 year amortization.
  2. Jackson Square Shopping Center located in Jackson, TX is a 114,192 square foot shopping center anchored by Bealls. The property is on highway 69 (i.e. South Jackson Street). The 5.75% fixed rate loan was in the amount of $2,475,000 for a term of 7 years that has a 30 year amortization.
  3. Main Valley Shopping Center located in Lewisville, TX is a 102,050 s.f. shopping center anchored by a Dollar General, Autozone and CVS Pharmacy is situated on Main Street. The 4.55% fixed rate loan was in the amount of $5,600,000 for a term of 10 years that has a 30 year amortization.

Todd McNeill was responsible for arranging the non-recourse loans with a local bank and a Wall Street Conduit.

Since 1992, Metropolitan Capital Advisors has closed in excess of $8.7 billion of debt and equity transactions. National Real Estate Investor Magazine has consistently ranked MCA as one of the top CRE Financial Intermediaries in the US. MCA completed over $450,000,000 of commercial real estate financing during 2012.

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Posted on by Scott Lynn in News, real estate finance intermediary Comments Off on Metropolitan Capital Advisors Closes $9,400,000 in Commercial Refinance for 3 Separate Retail Properties