High-rise commercial buildings

Sub Markets

Property Sectors

Topics

Texas CRE News In Your Inbox.

Sign up for Connect emails to stay informed with CRE stories that are 150 words or less.

Texas  + Finance  | 

East Dallas Townhomes Garner $24M Loan

Associated Bank recently completed a $23.6-million loan to AHC Funds to refinance the original construction loans for The Collection, a six-building, 90-townhome high-end residential rental community located in the Lower Greenville neighborhood of East Dallas. SVP Edward Ted Notz of the commercial real estate division of Associated Bank managed the loan and closing.

Construction of the six townhome buildings began in 2017, and all buildings (148,000 total square feet) were completed in early 2020. Each townhome averages 1,642 square feet and features 10-foot ceilings on the main living level in addition to two bedrooms, two and a half bathrooms, and a two-car grade-level garage.
AHC Funds was co-founded in 1993 by Arthur J. Hill, former chairman of Homart Development Company and Coldwell Banker Real Estate, to provide investment opportunities for co-investors. Since 2003, AHC has sponsored and managed a series of private equity real estate funds.

For comments, questions or concerns, please contact Paul Bubny

Connect

Inside The Story

Connect With Associated Bank’s NotzConnect With AHC

About Paul Bubny

Paul Bubny serves as Senior Content Director for Connect Commercial Real Estate, a role to which he brings 16-plus years’ experience covering the commercial real estate industry and 30-plus years in business-to-business journalism. In this capacity, he oversees daily operations while also reporting on both local/regional markets and national trends, covering individual transactions across all property types, as well as delving into broader subject matter. He produces 7-10 daily news stories per day and works with the Connect team and clients to develop longer-form content, ranging from Q&As to thought-leadership pieces. Prior to joining Connect, Paul was Managing Editor for both Real Estate Forum and GlobeSt.com at American Lawyer Media, where he oversaw operations at both publications while also producing daily news and feature-length articles. His tenure in B2B publishing stretches back into the print era, and he has served as Editor in Chief on four national trade publications. Since 1999, Paul has volunteered as the newsletter editor of passenger rail advocacy groups (one national, one local).

  • ◦Financing
New call-to-action
New call-to-action