Associated Bank closed a $23,600,000 loan to AHC Funds to refinance the original construction loans for The Collection, a six-building, 90-townhome high-end residential rental community located in the Lower Greenville neighborhood of East Dallas.
Construction of the six townhome buildings began in 2017, and all buildings (148,000 total square feet) were completed in early 2020. Each townhome averages 1,642 square feet and features 10-foot ceilings on the main living level in addition to two bedrooms, two and a half bathrooms, and a two-car grade-level garage.
The six buildings in the project are include Live Oak (4901 & 4905 Live Oak Avenue), Moser North (2122 & 2202 Moser Avenue), Moser South (2215 & 2217 Moser Avenue), Garrett (2117 & 2121 Garrett Avenue), Bennett (2112, 2118, 2122, & 2202 Bennett Avenue) and Manett (4908 Manett Street).
Edward “Ted” Notz, senior vice president of the commercial real estate division of Associated Bank, managed the loan and closing.