MCA ARRANGES $12.3 MILLION IN FINANCING FOR PAIR OF APARTMENT PROPERTIES

TULSA and OKLAHOMA CITY, OKLAHOMA — Dallas-based Metropolitan Capital Advisors (MCA) has arranged $12.3 million in financing for renovations on two separate apartment properties in Tulsa and Oklahoma City. MCA arranged a $5.6 million fixed-rate Fannie Mae DUS loan for the Braden Creek Apartments located at 4801 S. Braden Ave. in Tulsa, and a $6.7 million equity joint venture along with a fixed-rate loan for the Arbor Lake Apartments located at 301 W. Hefner Rd. in Oklahoma City. Braden Creek Apartments is a 304-unit property owned by Braden Creek LLC. Arbor Lake Apartments is a 152-unit complex owned by Arbor Lake Partners LP. The borrowers plan undisclosed renovations on both of the properties.