StoneHawk Capital Partners Secures $56 Million Loan For 269-Unit Multifamily Project In Garland

The asset involved is a development site located at TBD Rosehill & I-30 in Garland, Texas, spanning 7 acres. The property will feature a 269-unit multifamily project known as StoneHawk Rosehill, comprising one- and two-bedroom apartments with 51% set as affordable units, alongside amenities such as a clubhouse, fitness center, and pool. The construction financing amounts to $56,000,000.

Summary of transaction details:

• Property Type: Development Site
• Transaction Amount: $56,000,000
• Lender: Brandon Baksh & Brian Yee - Dwight Capital
• Landlord: Zach Sherwood & Brian Woidneck - StoneHawk Capital Partners
• Market: Garland
• Loan Type: Construction
• Asset Size: 7 acres
• Units: 269
• Affordable Units: 51%

This transaction involves key individuals such as Brandon Baksh and Brian Yee, who represent Dwight Capital as lenders in the construction financing deal. Zach Sherwood and Brian Woidneck represent StoneHawk Capital Partners as the landlords in this development project, highlighting the collaboration between the financial and project management teams involved in the execution of this significant multifamily investment.