Silver Arch Capital Partners has provided a $12.6 million loan to Geyer Morris Co., a Dallas-based development group. The loan enabled the company to purchase an 81-acre development site in Mansfield, Texas with a two-year interest-only instrument. The site is located along US-287 in Mansfield, a suburb of Dallas. The property has been approved for a 500,000 sqf retail center with a completion date set for the spring of 2018.
“Because of its location, demographics and growth in the market, this property is ideal for a retail center. Continued growth in Dallas-Fort Worth has pushed into Mansfield, creating the demographics for new retail, said Jeffrey Wolfer, President Silver Arch Capital Partners. “The potential of this proposed retail project is obvious and, as such, this lending opportunity falls into the scope of our primary focus. That focus is to provide bridge financing to developers and owners with a vision, offering funding outside the scope of traditional sources.”
