METROPOLITAN CAPITAL CLOSES $5.7M RETAIL LOAN

by admin

VICTORIA, TEXAS — Dallas-based Metropolitan Capital Advisors (MCA), a financial intermediary, has arranged a fixed-rate mortgage of $5.7 million for Whispering Creek Retail Center in Victoria. The 60,049-square-foot center is located on North Navarro Street and its tenants include Beef O'Brady's, Twin Liquors, Al's Formal Wear and Marble Slab Creamery. The center is currently 81 percent occupied. Scott Lynn of MCA arranged the five-year loan through Viewpoint Bank. The loan provides the borrower with an earnout feature as new tenants take occupancy.

You may also like