Metropolitan Capital Advisors, Ltd. has arranged a fixed rate acquisition loan for Craig Crossing Shopping Center located in McKinney, Texas. The loan features a rate fixed at 6.13% for 5 years with interest only payments throughout the loan term at 65% LTV. The facility provides funding for lease-up and stabilization of the property. 

Craig Crossing Shopping Center is located at the southwest corner of the Eldorado Pkwy (33,600 VPD) and the Highway 75 (101,000 VPD) intersection in McKinney, Texas. The well-located Property has frontage and immediate access to one of Dallas’ major north and south thoroughfares, Highway 75, which provides access to the greater Dallas area. In addition, the Property is just over a mile from access to the Sam Rayburn Tollway (“Hwy 121”) which traverses east/west across the north Dallas area. 

Todd McNeill, Director/ Principal of Metropolitan Capital Advisors was responsible for placing the $12,675,000 fixed rate acquisition loan. 

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 $400 million of commercial real estate financings in 2016.

Todd McNeill
972.267.0600
www.metcapital.com
tmcneill@metcapital.com