TPG Secures $115 Million Loan From Overland Advantage For Dallas Office Portfolio Upgrades
2727 North Harwood Street & 2950 North Harwood Street
$115,000,000
Building Size
—
Asset Type
Office
Closing
Oct 7, 2026
About this deal
AI
The transaction involves office assets located at 2727 & 2950 North Harwood Street in Dallas, TX. A loan was secured for the amount of $115,000,000, which is backed by Harwood No. 3 and Harwood No. 7 in the Harwood District. The anticipated enhancements across a five-building portfolio will include upgrades to lobbies, tenant spaces, green areas, and infrastructure with a goal of achieving Class AA status.
Summary of transaction details:
- Property Type: Office
- Transaction Amount: $115,000,000
- Lender: Overland Advantage
- Landlord: Jon Winkelried - TPG
A TPG-affiliated partnership initiated the loan with Overland Advantage, indicating a strategic move to improve their property holdings within the competitive Dallas market. The renovations planned are intended to enhance the overall tenant experience and elevate the buildings' market position.
On the Map
$115,000,000
Office
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Harwood Office Market Snapshot
Boundary boundary · Office · Loan transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.14%
Cash-on-Cash
-0.04%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93