Posted on by in Retail, Texas

DALLAS AND ROWLETT, TEXAS — Dallas-based Quantum First Capital (QFC) has secure a total of $10.8 million in financing for two Texas shopping centers. In Dallas, QFC closed on a $7.5 million loan for Northlake Shopping Center, a 99,920-square-foot retail property located at the corner of East Northwest Highway and Ferndale Road. The center is occupied by a tenant roster that includes Tuesday Morning, Dollar Tree and the U.S. Post Office. The bridge loan carries a 3-year term with a LIBOR-priced floating rate. Stuart Wernick and Eli Gershenson of QFC originated the transaction.
In Rowlett, Gershenson originated a $3.3 million loan for the acquisition of Bank of America Lakeview Center, a 19,160-square-foot shopping center located at 2409 Lakeview Pkwy. The center is shadow-anchored by The Home Depot and Wal-Mart Supercenter. Major tenants include Bank of America, Cato Fashions, Check ‘n Go, H&R Block and Garland Dental Group. The loan carries a 5-year term with a fixed interest rate in the low 6 percent range. An Oklahoma-based financial institution provided the loan to an overseas investor.

Content Partners
‣ Arbor Realty Trust
‣ Bohler
‣ Lee & Associates
‣ Lument
‣ NAI Global
‣ Northmarq
‣ Pavlov Media
‣ Walker & Dunlop

Subscribe to the newsletter

Webinars on Demand

Read the Digital Editions

Northeast Multifamily & Affordable Housing Business

Midwest Multifamily & Affordable Housing Business

Western Multifamily & Affordable Housing Business

Texas Multifamily & Affordable Housing Business

Southeast Multifamily & Affordable Housing Business

Heartland Real Estate Business

Northeast Real Estate Business

Southeast Real Estate Business

Texas Real Estate Business

Western Real Estate Business

Shopping Center Business

California Centers

Student Housing Business

Seniors Housing Business

Featured Properties