Dallas Based Metropolitan Capital Advisors closes another deal acting as real estate finance intermediary
DALLAS, January 18, 2011 — Dallas, Texas-based Metropolitan Capital Advisors (MCA), a financial intermediary specializing in the exclusive representation of investors, developers and property owners in the commercial real estate capital markets, has arranged a $35,000,000 fixed rate mortgage for a portfolio of five (5) Apartment Complexes comprising of over 1,250 units, located in Tulsa, Okla. The portfolio includes: Hunters Creek Apartments, Arbors of Southern Hills, Sand Dollar on the River, Pheasant Run and Silver Springs. All of the properties are located within Tulsa.
The Borrower acquired the properties between 2009 and 2011. The Portfolio had been fully renovated and had 90%+ occupancy rates when the new loan was funded. Todd McNeill was responsible for arranging the permanent loan that was locked at a fixed interest rate below 4.6%, for a term of 10 years under the Fannie Mae DUS loan program.
“We are excited to make the deal happen at Metropolitan Capital Advisors,” said Scott Lynn, Director and Principal of Metropolitan Capital Advisors. “We pride ourselves as an advocate of the deal, and especially in closing the deal, leveraging our in-house closing department.”
Since 1992, Metropolitan Capital Advisors has closed in excess of $8 billion of debt and equity transactions. National Real Estate Investor Magazine recently ranked MCA No. 18 on its Annual “Best of the Best” Financial Intermediaries list for 2011.
About Metropolitan Capital Advisors
Metropolitan Capital Advisors specializes in the exclusive representation of investors, developers and property owners in the real estate capital markets. Since 1992, Metropolitan Capital Advisors has closed in excess of $8 billion of debt and equity transactions on behalf of a multitude of commercial property owners, developers and investors. National Real Estate Investor ranked Metropolitan Capital Advisors #20 on its Annual Top Financial Intermediaries list.
Metropolitan Capital Advisors is staffed with a team of professionals who specialize in specific components of the “Transaction Process” (i.e. underwriting, marketing, processing and closing). All of Metropolitan Capital Advisors’ senior directors have an average of at least 15 years of professional experience. Metropolitan Capital Advisors’ staff has expertise and capabilities in a vast array of debt and equity services, including: construction and permanent debt, structured finance, and portfolio transactions.