Metropolitan Capital Advisors has arranged a $14,440,000 fixed-rate permanent loan on a Portfolio of two office properties located in the Dallas Metroplex. The Portfolio is controlled by Rainier Asset Management Company—a subsidiary of Dallas-based Rainer Companies. The ownership is struc-tured as a Tenant-In-Common (“TIC”). The refinance was sized to 65% LTV by a Fort Worth based bank at 4.95% fixed for 5 years.
Lakeview Center (Coppell, TX), is a 101, 426 SF single-story office building built in 1999. Lakeview is currently 100% leased by six (6) tenants, with major tenants including Beacon Health Options, Circle K Stores, and Caliber Home Loans.
Sojourn Medical and Office Center (Addison, TX), built in 2000, is currently 87% leased by three (3) tenants, with The U.S. Oncology Center as the major tenant. Rainier anticipates the remainder of the space to be leased within the next few months.
Since 1992, Metropolitan Capital Advisors has closed in excess of $12 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 $600,000,000 of commercial real estate financing during 2015.
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