Dealmaker: Metropolitan Capital Advisors Arranges $62M in Oklahoma, Texas

Metropolitan Capital Advisors, Dallas, arranged a $36.2 million permanent fixed-rate mortgage for a three office-flex property portfolio in Oklahoma City.

Todd McNeill and Sunny Sajnani, both Directors and Principals with Metropolitan Capital Advisors, placed the loan, which included a 25-year amortization schedule and had limited recourse with no reserves.

A regional bank provided the 10-year loan fixed via a swap at 4.83 percent. The portfolio abuts Tinker Air Force Base in southeast Oklahoma City. The base–the second-largest military air depot in the country–houses the Oklahoma City Air Logistics Center, 552d Air Control Wing, 507th Air Refueling Wing, 513th Air Control Group and Navy Strategic Communications Wing One, among others.

Northrop Grumman, L-3 Communications and Leader Communication occupy the entire 301,000-square-foot portfolio.

In Lewisville, Texas, Metropolitan Capital Advisors Senior Director Roger Wyche arranged $25.9 million for Phase III of Huffines Communities’ Hebron 121 Station Apartments. The three-year loan included a one-year extension option and priced at 395 basis points over the one-month LIBOR.

Upon completion, Hebron 121 Station will contain 1,825 Class A apartments and 125,000 square feet of office, retail, restaurants and medical space. It is part of the first transit-oriented development in Denton County with direct access to Interstate 35, Sam Rayburn Tollway (Highway 121), and the Denton County Rail & Bus Station.