Affinius provides $94M lease-up refinancing for Hillwood's DFW warehouses
The three buildings at Crossroads Logistics Park in Midlothian total 1.2 million square feet and were built in 2023.
At a glance
Affinius Capital has provided a $94 million loan to Hillwood to refinance three industrial buildings at Crossroads Logistics Park in Midlothian, Texas, Commercial Observer first reported.
The loan covers Buildings 1, 2 and 4 at 1011 John Clark Road, which total 1.2 million square feet and were built in 2023.
PRED reported that Affinius lent $177.25 million against two New York-area apartment properties and funded a $130.4 million construction loan on a Chicago West Loop tower.
Affinius Capital has provided a $94 million loan to Hillwood to refinance three industrial buildings at Crossroads Logistics Park in Midlothian, Texas, Commercial Observer first reported.
The loan covers Buildings 1, 2 and 4 at 1011 John Clark Road, which total 1.2 million square feet and were built in 2023. That works out to roughly $78 a square foot. Proceeds are earmarked for continued lease-up, according to the report.
The park sits 28 miles southwest of downtown Dallas with access to Interstates 20 and 35 and 33 miles south of DFW International Airport, according to Affinius. JLL arranged the financing; Costa Kontoulis, a managing director at Affinius, said in a statement that the park offers "the scale, functionality and connectivity that today's industrial users require."
PRED reported that Affinius lent $177.25 million against two New York-area apartment properties and funded a $130.4 million construction loan on a Chicago West Loop tower.
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