Sunday, May 15, 2016

HFF secures financing for development of master planned community in suburban Dallas, TX

Jeremy Sain
DALLAS, TX – Holliday Fenoglio Fowler, L.P. (HFF) announced it has secured financing for the initial development of Green Meadows, a 15-phase, 1,408-acre master planned community in the North Dallas suburb of Celina, Texas.

HFF worked on behalf of the borrower, Tomlin Investments, to place the construction loan with Bank of the Ozarks.  

Proceeds were used to pay off existing debt and fund construction costs associated with the project, including bringing in roadways and utilities and creating both an amenity center and the 365-lot Phase I of the development.

Green Meadows is located one mile west of the Dallas North Tollway along Legacy Drive, approximately 10 miles north of Frisco’s “$5 Billion Mile” and the rapidly growing Legacy Business Park. 

Steven Heldenfels

The developer plans to build a new roadway, Green Meadows Parkway, which will intersect the toll road and further increase the community’s accessibility.  

Once complete, the master planned development will have nearly 4,500 single-family residential homes offering community amenities, including multiple swimming pools, gardens, dog park, playgrounds, walking trails, sand volleyball courts, grilling area with fire pit, party center and daycare center.

The HFF team representing the developer was led by director Jeremy Sain and managing director Steven Heldenfels.

“We are excited about putting the funding in place to develop the infrastructure for the entire project and bring the first phase of lots to market for a select group of builders,” said Dan Tomlin of Tomlin Investments.

  For a complete copy of the company’s news release, please contact:

Olivia Hennessey
Public Relations Coordinator
HFF | 9 Greenway Plaza Suite 700 | Houston, Texas 77046
tel 713.852.3403 | fax 713.527.8725 |

No comments: