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Dallas Development Group Obtains $73M Loan
Westdale Properties and StreetLights Residential secured financing for an apartment high-rise in Dallas’ Deep Ellum neighborhood. The Dallas Morning News reported the developers of the Hamilton, a 26-story, 310-unit building at 2525 Elm Street, received a $73 million loan on the property from Forethought Life Insurance.
The Hamilton is situated in the Epic, an eight-acre mixed-use development which comprises residences, office buildings, retailers and a hotel. It’s the largest mixed-use development in Deep Ellum.
The Hamilton’s was completed in 2020. Rents start at around $2,000 a month for the smallest units, and the largest floor plans cost more than $4,000 a month. Amenities include a private bar, fitness center and a rooftop pool deck.
- ◦Financing
