Dallas Development Group Secures $73M Financing for Growth

Dallas Development Group Secures $73M Financing for Growth

Westdale Properties and StreetLights Residential have secured financing for an apartment high-rise in Dallas’ Deep Ellum neighborhood. According to the Dallas Morning News, a $73 million loan on the property from Forethought Life Insurance was obtained by developers of The Hamilton – a 26-story, 310-unit building at 2525 Elm Street.

The Hamilton is part of Epic – an eight-acre mixed use development that includes residences, office buildings, retailers and a hotel; making it the largest mixed use development in Deep Ellum. Completed in 2020 with rents starting at around $2,000 per month for smaller units up to more than $4,000 per month for larger floor plans; amenities include private bar access as well as fitness center and rooftop pool deck.

About the Publisher:
Steve Griffin is based in sunny Palm Harbor, Florida. He’s an accountant by profession and the owner of GRIFFIN Tax and REVVED Up Accounting. In addition, Steve founded Madison Avenue Technology. With a strong passion for commercial real estate, he’s also dedicated to keeping you up to date with the latest industry news.

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