Northrop Grumman, OKC

March 9, 2017 Comments Off on $36M Refi Arranged for OKC Portfolio Views: 289 National News, Oklahoma, Southwest

$36M Refi Arranged for OKC Portfolio

Metropolitan Capital Advisors arranged a $36-million permanent, fixed-rate mortgage for a portfolio of office-flex assets in southeast Oklahoma City. The 301,264-square-foot portfolio is leased to well-known aerospace companies including Northrop Grumman, L-3 Communications and Leader Communication Inc.

The loan, which was arranged through a regional bank by MCA’s Todd McNeill and Sunny Sajnani, featured a 10-year term, a fixed rate (via a “swap”- of 4.8%), and a 25-year amortization that had limited recourse with no reserves.

The portfolio is at Southeast 59th Street and South Air Depot Boulevard, adjacent to the entrance gate of Tinker Air Force Base. The borrower was undisclosed, with public records indicating it was Liberty Business Park LLC.

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