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Walker & Dunlop has arranged a $44.6 million construction loan for The Henley, a planned 255-unit multifamily community in Grand Prairie. The property is described as being located roughly midway between Dallas and Fort Worth, positioning it between two major employment and population centers.
The Henley is planned with a mix of 153 one-bedroom apartments and 102 two-bedroom units. The community is designed as a Class A offering, with a package of amenities intended to support an upscale renter experience.
Planned common-area features include a sky lounge and rooftop amenity deck, along with a pool area incorporating a gazebo and sundeck. The project will also feature a chipping and putting green, adding a golf-oriented recreational component to the lifestyle amenities.
The floating-rate construction loan was arranged through Goldman Sachs. Walker & Dunlop professionals Walker Layne, Stephen West, Matthew Wallach, Austin Sneed and Tyler Evenson led the financing assignment.
The financing was completed on behalf of StoneHawk Capital Partners, a locally based developer. According to the company’s website, StoneHawk focuses on select markets that are experiencing strong job growth, population gains and broader economic expansion. The firm also highlights high barriers to entry and solid supply-and-demand fundamentals as key factors in its investment and development strategy.
The new construction loan for The Henley aligns with StoneHawk Capital Partners’ stated focus on multifamily opportunities in markets that it believes exhibit favorable long-term fundamentals, supported by institutional debt capital.
The post Walker & Dunlop Secures $44.6M Construction Loan for The Henley in Grand Prairie appeared first on CRE Market Beat.
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