Metropolitan Capital Advisors, Ltd. has arranged a land acquisition loan for a 9.77-acre tract located in Frisco, Texas at the northeast corner of Legacy Drive and Eldorado Parkway. 

The Property is located just a few miles north of the “$5 Billion Mile” in the heart of Frisco’s booming development market. The Property is situated adjacent to an existing Market Street anchored shopping center and across the street from a Target anchored power center. Retail occupancies and rental rates remain healthy which continues to drive strong tenant demand for pad sites and inline retail space. 

MCA Principal & Senior Director, Todd McNeill closed the $5,512,000 loan with a regional bank that provided a two year loan term with “interest only “payments while the developer plans to sell off pad sites and considers further development. S

ince 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:

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