Metropolis Capital Advisors Secures $11 Million Refinance Loan For 85000 SF Retail In Lake Worth

The asset involved in this transaction is a retail property located in Lake Worth, with a square footage of 85,000. The refinancing loan amount secured for this property was $11,000,000.

Summary of transaction details:

• Property Type: Retail
• Transaction Amount: $11,000,000
• Market: Lake Worth
• Loan Type: Refinance
• Brokers: Ben Stein & Eric Hynek - Metropolis Capital Advisors

Ben Stein and Eric Hynek from Metropolis Capital Advisors structured the financing for this transaction, showcasing their expertise with over 30 years of experience in representing clients throughout the capital stack and across various asset types. The Met Cap team secured an open Pre-Pay option at an aggressive rate, without requiring deposits to the lender in this transaction.