Stonehawk Capital Partners has secured a $44.6 million refinancing loan for The Henley, a 255-unit apartment complex located at 3850 Double Oak Avenue in Grand Prairie. The property, developed by the Dallas-based firm in 2024, is near the site of the planned Goodland community, a major master-planned development.
Goldman Sachs provided the floating-rate, interest-only bridge loan for The Henley. Walker & Dunlop facilitated the deal with its team members Walker Layne, Stephen West, Matthew Wallach, Austin Sneed and Tyler Evenson.
The Henley features one- and two-bedroom units along with amenities such as a two-story gym, pool and dog park. Its location is about 30 miles southwest of downtown Dallas and close to both Midlothian and Mansfield.
As the North Texas multifamily sector faces an influx of new supply that is challenging absorption rates, developers have increasingly needed institutional investment support to secure debt financing. In this case, The Henley’s proximity to significant future development may be a factor attracting investor interest.
Grand Prairie has seen increased attention from investors due to its population growth and streamlined permitting process for real estate projects. Over the past two years, the city annexed more than 2,000 acres to enable construction of Goodland—a 5,000-acre master-planned community being developed by Provident Realty Advisors across Highway 287 from The Henley. Upon completion, Goodland is expected to include up to 10,000 housing units and house nearly 50,000 residents. The project will also feature amenities like trails, parks and retail options and will be connected by Goodland Parkway between Highway 287 and Highway 360.
Stonehawk Capital Partners is continuing its expansion in high-growth Dallas-Fort Worth suburbs with additional apartment communities underway in Garland (The Olsen), McKinney (The Dalton), Denton (The Weldon) and Arlington (The Dawson).
