Metropolitan Capital Advisors, Ltd. has arranged Agency debt (Freddie Mac & Fannie Mae) for the acquisition of two-apartment complexes, Oakwood West and Park on Paint Rock apartments located in Enid, OK and San Angelo, TX. MCA arranged the financing on behalf of a partnership sponsored by RREAF Holdings, LLC.

The Properties are two well-maintained, stabilized assets with below market rents located in stable tertiary markets which are experiencing healthy occupancy and rental rate metrics. The Properties will undergo minor renovations with the intent to push rents to market levels in the near-term future. The acquisitions were funded by a national direct lender via their agency platforms and featured non-recourse fixed and floating-rate mortgages.

Scott Lynn, Founder and Principal at MCA, along with MCA Senior Analyst Duke Dennis, were responsible for arranging the financing.

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.

For More Information Contact: 

Scott Lynn
972.267.0600
www.metcapital.com
slynn@metcapital.com