Scott Lynn, principal of Metropolitan Capital Advisors in Dallas, arranged the financing through North Houston Bank. The loan has a floating interest rate over LIBOR, but Lynn declines to disclose the spread. It has an 18-month term with two six-month renewals.The 33-acre Rivery Towne Crossing is a joint venture development of Weber & Co. and Today Realty Advisors, both of Dallas. The developers bought the parcel earlier this year and sold portions to Home Depot Inc. and Wal-Mart Stores Inc. The 205,045-sf Super Wal-Mart and 115,828-sf Home Depot are under construction.

Office Depot Inc. is negotiating for a site for a 20,000-sf store as are some junior anchors who've expressed interest in Rivery Towne Crossing. The other 55,000 sf is being marketed to inline retailers. Nine pads sites are for sale to individual users. The Rivery is part of a 125-acre, mixed-use project scheduled to deliver multifamily housing and commercial and office space from 2004 through 2007.