Goldman Sachs Alternatives Provides $44.6 Million Loan For Grand Prairie Development Site

The asset involved in this transaction is a development site located at 3850 Double Oak Avenue in Grand Prairie. The property is planned for the construction of a 255-unit Class A apartment development.

Summary of transaction details:

• Property Type: Development Site
• Transaction Amount: $44,600,000
• Loan Type: Construction
• Loan Terms: Floating-rate
• Lender: Goldman Sachs Alternatives
• Landlord: StoneHawk Capital Partners
• Brokers: Walker Layne, Stephen West, Matthew Wallach, Austin Sneed & Tyler Evenson - Walker & Dunlop

Walker & Dunlop was responsible for arranging the financing for the project on behalf of StoneHawk Capital Partners, facilitating the floating-rate construction loan provided by Goldman Sachs Alternatives.