Texas CRE News In Your Inbox.
Sign up for Connect emails to stay informed with CRE stories that are 150 words or less.
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
- ◦Financing

