Allen Secures $20M Bridge Loan to Recap Part of Dallas Logistics Hub
- Oct 17, 2008
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.