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MCA Closes $33.7M Bridge Loan for Oklahoma City Apartment Community

J-Marshall-Square-Oklahoma-City

J Marshall Square is located near the Nichols Hill area of Oklahoma City, about 15 minutes from downtown.

OKLAHOMA CITY — Metropolitan Capital Advisors Ltd. (MCA) has closed a $33.7 million floating-rate bridge loan for J Marshall Square, a 280-unit multifamily community in Oklahoma City. The sponsor, local developer Gardner Tanenbaum Holdings, will use the proceeds to retire existing construction debt. The bridge structure will also help the borrrower facilitate the lease-up and stabilization of the property. Sunny Sajnani and Todd McNeill of MCA arranged the loan through Centennial Bank.

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