Westdale Properties And StreetLights Residential Secure $73M Loan For The Hamilton In Deep Ellum, Dallas

The Hamilton, a 26-story apartment high-rise located at 2525 Elm Street in Deep Ellum, Dallas, has secured a $73 million loan for refinancing. The property, consisting of 310 multifamily units, is part of the Epic mixed-use development and is managed by Westdale Properties and StreetLights Residential. With rental prices ranging from $2,000 to over $4,000 per month, The Hamilton offers upscale amenities, making it a popular choice among tenants.

Summary of transaction details

• Property Type: Multifamily
• Transaction Amount: $73,000,000
• Units: 310
• Lender: Forethought Life Insurance
• Landlord: Westdale Properties; StreetLights Residential - Doug Chesnut
• Loan Type: Refinance

Developers Westdale Properties and StreetLights Residential successfully obtained a $73 million loan from Forethought Life Insurance for The Hamilton. This financial arrangement allows for the optimized management and continued luxurious offerings of the apartment high-rise in Deep Ellum's vibrant market. The collaboration between the developers, Westdale Properties and StreetLights Residential, ensures the provision of exceptional living experiences to the residents.