Metropolitan Capital Advisors, Ltd. (MCA) has arranged first mortgage financing for Phase III of Hebron 121 Station Apartments, a class “A” multi-family property, in Lewisville, Texas on behalf of Huffines Communities. The loan has a three year term with one, 1-year extension option at 395 basis points over 1-month libor, 70% LTV, and a 12-month lockout period.

Upon completion, Hebron 121 Station will contain 1,825 apartments, 125,000 SF of office, retail, restaurants, and medical space. The Development is part of the first Trans-Oriented development (TOD) in Denton, County with direct access to Interstate 35, Sam Rayburn Tollway (Highway 121), and the Denton County Rail & Bus Station serving the Metroplex. The project will be one of the largest TOD communities in the Country when completed.

Roger D. Wyche, Senior Director of Metropolitan Capital Advisors, was responsible for placing the $25,925,000 floating rate 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.

Roger D. Wyche
972.267.0600
www.metcapital.com
rwyche@metcapital.com