Walker & Dunlop has arranged a $44.6 million construction loan for The Henley, a 255-unit multifamily development planned for Grand Prairie, Texas.
.jpg)
The project site is positioned roughly midway between Dallas and Fort Worth in Grand Prairie, offering access to two of North Texas’ largest employment hubs and transportation corridors.
The Henley will feature a total of 255 units, including 153 one-bedroom apartments and 102 two-bedroom residences. The development is designed as a Class A community, incorporating high-end finishes and a full amenity package tailored to meet demand from young professionals, families and renters seeking proximity to the broader Dallas-Fort Worth metroplex.
Planned amenities are expected to include a resort-style pool, modern fitness facilities, co-working spaces and resident lounges, aligning with current renter preferences for lifestyle-oriented communities. Developers are also targeting strong curb appeal and contemporary architectural design to compete with other newly delivered multifamily properties in the area.
The floating-rate construction loan was sourced through Goldman Sachs Alternatives on behalf of locally based developer StoneHawk Capital Partners.
The Walker & Dunlop team arranging the financing included Walker Layne, Stephen West, Matthew Wallach, Austin Sneed and Tyler Evenson. The capital structure provides StoneHawk Capital Partners with flexibility during the construction phase while positioning the project to capitalize on evolving market conditions upon stabilization.
The financing reflects continued lender appetite for well-located multifamily developments in high-growth Texas submarkets, particularly those situated between major employment centers like Dallas and Fort Worth.
.jpg)
Grand Prairie has emerged as a strategic residential corridor within the Dallas-Fort Worth metroplex, benefiting from population growth, corporate relocations and infrastructure investments across North Texas. Its central location provides convenient access to major highways, distribution hubs and regional airports, making it attractive to both residents and employers.
Developers and capital providers continue to target the Mid-Cities region for new multifamily supply, citing steady job creation and sustained rental demand. The Henley is expected to contribute to the area’s expanding housing inventory while addressing ongoing demand for quality rental options.
Construction timelines and anticipated delivery dates have not yet been disclosed, but the project marks another significant multifamily investment in one of Texas’ most active real estate markets.
Originally reported by Rebusiness Online.
