The 23,000-sf Main Station is the collateral for a 10-year loan,with a 75% loan-to-value ratio, provided by Omni American CreditUnion in Fort Worth, Todd McNeill, senior director of MetropolitanCapital Advisors in Dallas, tells GlobeSt.com. The financing,carrying a 6.5% fixed-rate interest, replaced constructionfinancing, he says, adding the challenge was meeting the borrower'srequirement for a 10-year term with 30-year amortization.

"It took a creative lender to understand, step out and do this,particularly in the center of Duncanville, which is not known forits commercial product," McNeill explains.

The fully leased development contains 11,000 sf of street-levelretail and 14 loft-style apartments with units ranging from 950 sfto 1,200 sf. Rents range from $1 per sf to $1.20 per sf for theresidential component and $15 per sf triple net for the shopspace.