$6.5 MILLION MORTGAGE ARRANGED FOR ASHLEY FURNITURE DISTRIBUTION FACILITY

NEW BRAUNFELS — Dallas-based Metropolitan Capital Advisors (MCA) has arranged permanent financing for a 217,500-square-foot warehouse and distribution facility for Ashley Furniture in New Braunfels. A $6.53 million permanent fixed-rate mortgage was arranged on behalf of a partnership controlled by the principals of Hill County Furniture Partners, an Ashley Furniture franchisee. Hill County Furniture Partners occupies 100 percent of the facility, which supports retail stores throughout central and south Texas. MCA's Scott Lynn and Sunny Sajnani placed the 20-year mortgage with an Oklahoma bank, where it is guaranteed under the United States Department of Agriculture (USDA) Rural Development Business and Industry Loan Program. Greg O'Donnell of Business Finance & Development worked with MCA to help secure the USDA loan guarantee.