Metropolitan Capital Arranges $8M Loan for Mixed-Use Project in Dallas
DALLAS — Metropolitan Capital Advisors Ltd. (MCA) has arranged an $8 million loan for the acquisition and redevelopment of a 50,675-square-foot former school campus in Dallas. The sponsor, Fort Worth-based investors/developers M2G Ventures and Todd Davenport, will convert the property into a mixed-use asset with office and retail space. Duke Dennis of MCA placed the loan through an undisclosed lender. Dennis also arranged $4.3 million in joint venture equity for the project.