StoneHawk Closes $44.6M Financing on Grand Prairie Rental Asset
Walker & Dunlop has arranged a $44.6 million construction loan for The Henley, a 255-unit multifamily project that will be located roughly midway between Dallas and Fort Worth in Grand Prairie. The Henley will offer 153 one-bedroom units and 102 two-bedroom units in addition to Class A amenities that include a sky lounge & rooftop amenity deck, pool with gazebo and sundeck, chipping & putting green and a pool.
Walker Layne, Stephen West, Matthew Wallach, Austin Sneed and Tyler Evenson of Walker & Dunlop arranged the floating-rate loan through Goldman Sachs on behalf of the locally based developer, StoneHawk Capital Partners.
On its website, the company says it focuses on select markets experiencing strong job, population, and economic growth. Key factors are high barriers to entry and strong supply/demand fundamentals.
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Brokers
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Remax Real Estate Professionals
Re/Max Real Estate Professionals
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Jared Ennis
Central CA Commercial | California
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Rick Recckio
Recckio Real Estate & Development
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Greg Corbin
Northgate Real Estate Group
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Essex Property Trust, Inc.
California
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Josh A
California
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Bob Tuteur
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Andrew Schildcrout