Dallas based Metropolitan Capital Advisors, Ltd. has arranged a fixed rate acquisition loan for Craig Crossing Shopping Center located in McKinney.
The loan features a rate fixed at 6.13% for 5 years with interest only payments throughout the loan term at 65% LTV.
About Craig Crossing Shopping Center: The property is located at the southwest corner of the Eldorado Pkwy and the Highway 75 intersection in McKinney, Texas. The property sits just over a mile from access to the Sam Rayburn Tollway (Hwy 121).
Todd McNeill is the Principal of Metropolitan Capital Advisors and was responsible for placing the $12,675,000 fixed rate acquisition loan.
Land sale
Sale of a 1.6-acre land parcel located at McKinney Ranch Parkway and Lake Forest Boulevard in McKinney was arranged by Dallas based Younger Partners.
A developer (name undisclosed and acquisition price) acquired the property and plans to construct a 15,000-square-foot retail center on the site.
Younger Partners represented the buyer.
Bryson Messer Properties of Mckinney represented the undisclosed seller.
- Driftwood Capital Acquires 299-Room Hilton-Branded Hotel in Plano - July 2, 2023
- For 7th Consecutive Year, McKinney ISD Earns Highest Recognition for Accounting and Financial Reporting from the Government Finance Officers Association of the United States and Canada - July 2, 2023
- Collin College to offer a new Bachelor’s degree in Clinical Operations Management in Fall 2023 - July 2, 2023
