REBusinessOnline

MCA ARRANGES $3 MILLION RETAIL LOAN

ODESSA, TEXAS — Dallas-based Metropolitan Capital Advisors (MCA) has arranged a $3 million acquisition loan for West County Shopping Center in Odessa. The 112,771-square-foot retail property is located at the intersection of North County Road and 16th Street. It was 82 percent leased at the time of closing by a tenant roster that includes Save A Lot, Bealls, Dollar General, State Farm Insurance, Little Caesar's, H&R Block, Sally Beauty Supply, Family Dollar and Bank One. The loan, which carries a 5-year term and a fixed interest rate, was secured by Todd McNeill of MCA. The borrower is Kaufman Property Co. and the lender is a Dallas-based regional bank.

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