JV BORROWS $15.71 MILLION TO BUY OKC INDUSTRIAL PORTFOLIO

by admin

OKLAHOMA CITY — A joint venture between Dallas-based Atlas Advisors Commercial Real Estate and Barton Creek Capital has secured a $15.71 million loan for its purchase of a 561,551-square-foot Oklahoma City warehouse portfolio. The portfolio is situated in the city's Southwest Industrial submarket and was 85 percent leased at the time of closing. The loan is variable rate, non recourse and was provided by Chicago-based NXT Capital. Jason Pumpelly of Johnson Capital's Dallas office arranged the loan.

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