Metropolitan Life Insurance Co Provides $45.6M Acquisition Loan For Office Property At 5465 Legacy Dr In Plano

Larson Capital Management, led by Paul Larson, has acquired an office property located at 5465 Legacy Drive in Plano. The property spans a total of 215,499 square feet and was purchased from MetLife. The transaction, which took place on December 13, 2022, involved a loan provided by Metropolitan Life Insurance Co amounting to $45,600,000. This loan was classified as an Acquisition Loan.

Summary of Transaction Details

• Property Type: Office
• Transaction Amount: $45,600,000
• Address: 5465 Legacy Drive
• Market: Plano
• Square Footage: 215,499

Metropolitan Life Insurance Co served as the lender for this transaction, providing the acquisition loan to Larson Capital Management. On the other hand, Larson Capital Management, represented by Paul Larson, acted as the landlord in the deal. The seller of the property was MetLife.