Allen Secures $20M Bridge Loan to Recap Part of Dallas Logistics Hub

The Dallas and San Diego offices of Holliday Fenoglio Fowler L.P. has announced that they secured a $20 million bridge loan for the recapitalization of 1,000 acres in the Dallas Logistics Hub. The hub is a 6,000-acre, master-planned development.Working on behalf of the Allen Group, HFF associate director John Ahmed and senior managing director Tim…

The Dallas and San Diego offices of Holliday Fenoglio Fowler L.P. has announced that they secured a $20 million bridge loan for the recapitalization of 1,000 acres in the Dallas Logistics Hub. The hub is a 6,000-acre, master-planned development.Working on behalf of the Allen Group, HFF associate director John Ahmed and senior managing director Tim Wright placed the 36-month, adjustable-rate loan with American Bank of Texas. The land assemblage is located within the DLH, adjacent to Union Pacific’s Southern Dallas Intermodal Terminal, a proposed BNSF intermodal facility. DLH, which spans the communities of Dallas, Lancaster, Wilmer and Hutchins, is master-planned for 60 million square feet of distribution, manufacturing, office and retail developments.“Despite a complex transaction and a historic level of disruption in the capital markets, they never waivered in their focus or in their commitment to this deal,” Ahmed said in a statement.The Allen Group specializes in the development of high-end industrial, office, retail and mixed-use properties throughout the U.S. The Company’s major focus is the development of Logistics Parks and Inland Ports . It has developed a wide range of commercial projects and currently has over 8,000 acres under development across the U.S. The Allen Group is based in San Diego.

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