Gantry Secures $10 Million Refinance For Metroplex Plaza Retail Center In Irving

The asset involved in this transaction is a retail property located at 2401-2431 West Airport Freeway in Irving, encompassing 105,000 square feet. The property has undergone a recent repositioning, featuring a grocery-anchored center that includes a new Joe V’s Smart Shop, as well as tenants such as Papa John’s, Sally Beauty, and Genghis Donuts.

Summary of transaction details:

• Property Type: Retail
• Transaction Amount: $10,000,000
• Loan Type: Refinance
• Loan Terms: 10-year, fixed-rate
• Market: Irving
• Brokers: Mark Ritchie & Austin Ridge - Gantry
• Amortization: 30-year
• Loan Servicer: Gantry

Mark Ritchie and Austin Ridge were instrumental in securing the life company loan for this refinancing deal. Their representation through Gantry facilitated the arrangement of the transaction, which extends over a 10-year period.