DALLAS, April 25, 2013 — 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 CRE transaction of $16.0 MM financing package consisting of a senior mortgage, mezzanine loan and JV equity partner for Windhaven Park located in Plano, Texas.
Windhaven Park is an 86,852 square foot, neighborhood retail center located at the northwest corner of Windhaven Parkway and the Dallas North Tollway that is currently 60% leased to various medical and retail tenants. The Property was purchased in an off-market transaction by Carrolton-based Standridge Companies, whose principals are Stacy Standridge and Tommy Crowell. Standridge has engaged both Venture Commercial and Search Commercial to co-list the leasing of the center for both retail and medical tenants.
MCA Senior Directors Sunny Sajnani, Todd McNeill along with Principal Scott Lynn were responsible for arranging the senior mortgage through a local bank, a mezzanine loan through a private fund and JV equity through a local family office.
Since 1992, Metropolitan Capital Advisors has closed in excess of $8.7 billion of debt and equity transactions. National Real Estate Investor Magazine has consistently ranked MCA as one of the top CRE Financial Intermediaries in the US. MCA completed over $450,000,000 of commercial real estate financing during 2012.