Metropolitan Capital Advisors, Ltd. has arranged both construction financing and mezzanine loan for the Riverwalk Crossing Shopping Center Phase II. Riverwalk Crossing, billed as Tulsa’s premier lifestyle entertainment destination, is a two phased project with the first phase consisting of 125,052 SF and the second of 164,000 SF.
MCA arranged the financing on behalf of Jerry R. Gordon Development.
The recently completed phase I has proved to be highly successful. The current occupancy is at 95 percent with prospects for the remainder of the unleased space. Phase II is currently pre-leasing and has a ground lease to Lone Star Steakhouse and has another pad site under contract with Hampton Inn.
MCA placed the Mezzanine Loan with O.R.D.A. Corp. and the Construction Loan American National Bank.
Metropolitan Capital Advisors specializes in the exclusive representation of investors, developers and property owners in the real estate capital markets. The firm completed over $750,000,000 of debt and equity transactions during 2006.