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MCA ARRANGES APPROXIMATELY $32 MILLION FOR ACQUISITION OF SHOPPING CENTERS

Posted on by in Retail, Texas

FORT WORTH, PLANO AND CROWLEY, TEXAS — Dallas-based Metropolitan Capital Advisors (MCA) has arranged a $28.9 million floating-rate mortgage loan, along with a $3.25 million mezzanine loan, for the acquisition of three shopping centers in Fort Worth, Plano and Crowley. The trio of Kroger-anchored shopping centers, Village at Los Rios, Altamesa and Stone Gate Plaza, were 96 percent leased at the time of sale. The loan was arranged on behalf of Margaux Development, which used the funds to recapitalize the partnership and buyout an existing partner.

Content Partners
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‣ Lument
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