Metropolitan Capital Advisors, Ltd. has arranged a non-recourse permanent fixed-rate mortgage for Victory Shops at Eldorado – a 13,600 retail shopping center located in Frisco, Texas. The property, which is located on the northwest quadrant of Eldorado Parkway and Hillcrest Road adjacent to an affluent residential neighborhood, is 100% leased to neighborhood service tenants including a donut shop, nail salon and dentist offices.
The Sponsor, Victory Real Estate Group, developed and had fully leased the property by completion of construction in the Spring of 2016.
Sunny Sajnani, Principal Director at MCA, and Brandon Wilhite, Senior Director at MCA, were responsible for arranging the $3,800,000 mortgage with Rialto Mortgage Capital. The loan proceeds went to pay off the existing debt and return equity to the Borrower.
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 has already completed over $400,000,000 of commercial real estate financing in the first six months of 2017.