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.

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