Metropolitan Capital Advisors Secures $25.9M Loan for Mixed-Use Property in Lewisville

by Taylor Williams

LEWISVILLE, TEXAS — Metropolitan Capital Advisors Ltd. has arranged a $25.9 million in first mortgage financing for Phase III of Hebron 121 Station Apartments, a Class A, mixed-use property in Lewisville. Upon completion, the development will consist of 1,825 apartments and 125,000 square feet of office, retail, restaurant and medical space. Roger Wyche of Metropolitan Capital Advisors placed the three-year, floating-rate loan with a single one-year extension option and a 12-month lockout period.

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