Development Site Finds Funding to Move Forward

Cole says the land will be built out with multiple retail tenants.

MANSFIELD, TX—An 81-acre retail development site has received funding to the tune of $12.6 million, with Hackensack, NJ-based private lending firm, Silver Arch Capital Partners , providing the loan secured by the site. The borrower, Geyer Morris Co. , a Dallas-based development group, was under contract to acquire the site and the two-year interest-only funding was utilized to complete the acquisition. Matt Cole , managing director of Silver Arch Capital Partners, tells GlobeSt.com: “This is a well-positioned piece of land to be built out with multiple retail tenants. Geyer Morris had done a lot of the legwork beforehand to move the property forward.” The site, currently vacant, is situated along well-traveled US-287 and Broad Street in this suburb of Dallas. It is entitled for the development of a 500,000-square-foot retail center, slated for completion in the spring 2018, and plans for the property include a mix of institutional and nationally recognized tenants. “Because of its location, demographics and growth in the market, this property is ideal for a retail center,” says Jeffrey Wolfer , president of Silver Arch Capital Partners. “Continued growth in Dallas-Fort Worth has pushed into Mansfield, creating the demographics for new retail. 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.” Silver Arch Capital Partners is a leading nationwide private lender, specializing in bridge loans to owners, investors and developers in need of funding outside the scope of traditional banks and lenders. Formed with the mission to assemble the most highly creative minds in real estate lending under a single banner, the firm recognizes the importance of access to capital in turbulent times. Its partners, who have closed more than $2 billion in loans, have the knowledge and insight to guide a borrower through the entire loan process, from initial review through closing. Drawing from various resources, Silver Arch Capital Partners offers loans from $1 million to $50 million with the flexibility and creativity to review projects of every type—multifamily, office, retail, industrial, hotel and land—and to offer funding for restructurings, discounted payoffs, purchase of notes and property improvements.