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NACOGDOCHES, TEXAS — Dallas-based Metropolitan Capital Advisors has arranged a $4 million loan for the refinancing of University Mall, a 182,222-square-foot shopping center located on University Drive in Nacogdoches. The property is currently 70 percent occupied; tenants include Bath & Body Works, Foot Locker, J.C. Penney, Belk, Gordon’s Jewelers and Hibbett Sports. The fixed-rate financing was secured on behalf of O.R.D.A. Corp. The lender was not disclosed.