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:Â 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.
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