Texas

SAN ANTONIO — Houston-based Live Oak Capital has arranged $29 million in permanent financing for two San Antonio shopping centers. The first is Pavilions North Shopping Center, which is located at 25 NE Loop 410. The shopping center totals 165,480 square feet and is anchored by Jo-Ann Fabric & Craft Store, Conn’s, Sam Ash, and K&G Menswear. The second property is Exchange Plaza Retail Center, which is located at 5819 I-410 Loop. The property comprises 144,371 square feet and is anchored by ApplianceSmart, National Career Education, and Bally’s Total Fitness. David Anderson of Live Oak arranged the permanent financing, which carries a 5-year term and a 25-year amortization. RD Catalyst borrower the funds from Wells Fargo and MezzCap.

COCKRELL HILL, TEXAS — Dallas-based Metropolitan Capital Advisors (MCA) has arranged $8.78 million in construction financing for Plaza Del Oro, a planned 84,600-square-foot shopping center located in Cockrell Hill. The project is already 55 percent pre-leased; it will be anchored by El Rancho SuperMercado. Todd McNeill of MCA originated the loan with Wachovia Bank. He also secured $2.19 million in new market tax credit equity financing to cover the total cost of construction. The loan has a term of 7 years with a floating interest rate. The borrower was a partnership sponsored by Donald Silverman, principal of Dallas-based Margaux Development.

TAYLOR, TEXAS — The Weitzman Group has arranged the purchase of Storefront Taylor Marketplace, a 2.82-acre development parcel located at the intersection of FM 397 and Highway 95 in Taylor. Taylor Retail LP acquired the site and has enlisted Noble Capital Real Estate to develop it into an 18,000-square-foot retail center with a pad site. Graham Carter of Weitzman and Kirk Slack of Noble negotiated the transaction.

DALLAS AND ROWLETT, TEXAS — Dallas-based Quantum First Capital (QFC) has secure a total of $10.8 million in financing for two Texas shopping centers. In Dallas, QFC closed on a $7.5 million loan for Northlake Shopping Center, a 99,920-square-foot retail property located at the corner of East Northwest Highway and Ferndale Road. The center is occupied by a tenant roster that includes Tuesday Morning, Dollar Tree and the U.S. Post Office. The bridge loan carries a 3-year term with a LIBOR-priced floating rate. Stuart Wernick and Eli Gershenson of QFC originated the transaction. In Rowlett, Gershenson originated a $3.3 million loan for the acquisition of Bank of America Lakeview Center, a 19,160-square-foot shopping center located at 2409 Lakeview Pkwy. The center is shadow-anchored by The Home Depot and Wal-Mart Supercenter. Major tenants include Bank of America, Cato Fashions, Check ‘n Go, H&R Block and Garland Dental Group. The loan carries a 5-year term with a fixed interest rate in the low 6 percent range. An Oklahoma-based financial institution provided the loan to an overseas investor.