10/22/2008

HFF arranges $47M construction loan for Dallas MXD project

by Eric Ramsden
Holliday Fenoglio Fowler has arranged a $47.35 million construction loan for Brick Row, a mixed-use development currently under construction in Dallas, Texas.

The loan was secured by Andy Scott on behalf of the joint venture ownership between Winston Capital Corp., L&B Realty Advisors and the Michigan Employees Retirement System.

The three-year loan was provided by Colonial Bank, Texas Capital Bank and Broadway Bank.

Brick Row is expected to be completed in 2010 and will contain 500 multi-family units and 16,000 square feet of retail space. It is located along Spring Valley and Greenville Avenue and was designed by locally-based BGO Architects.

Address: Spring Valley Avenue & Greenville Avenue, Dallas, Texas

Size: 500 units/16,000 square feet

Built: 2010

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Filed Under: Mixed Use

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