DALLAS, June 25, 2012 — 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 construction loan for the Liberty Pointe Apartments (the “Subject Property”), a to-be-built Class ‘A’, 324-unit multifamily property located in Oklahoma City, Oklahoma at the intersection of Southeast 74th Street and Air Depot on the north side of Interstate 240 (the “Tinker AFB / I-240 Corridor”). The Subject Property is targeted to provide high-quality residences for employees of the expanding defense and healthcare sectors in the immediate area.
The Subject Property will be developed by Liberty Pointe, LLC. The Principal of Liberty Pointe, LLC has extensive multifamily experience in the Oklahoma City market. The Subject Property will be an access-controlled gated community designed around an interior water feature providing an aquatic view from the clubhouse and surrounding residential buildings. The centrally located clubhouse will feature a community swimming pool and 24-hour fitness center. Garages will be conveniently located throughout the complex for residents who desire extra year-round protection for their vehicles. Liberty Pointe will be the only Class ‘A’ apartment community located in the Tinker AFB / I-240 Corridor.
MCA secured a $19,400,000 construction loan which was approximately 88% Loan to Cost. MCA Senior Directors, Todd McNeill & Sunny Sajnani were responsible for arranging the financing with a Dallas based bank.
Since 1992, Metropolitan Capital Advisors has closed in excess of $8.5 billion of debt and equity transactions. National Real Estate Investor Magazine recently ranked MCA #18 on its Annual “Best of the Best” Financial Intermediaries list for 2011.
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