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DALLAS — Holliday Fenoglio Fowler L.P. (HFF) has secured $42.9 million in construction financing for HarborChase of the Park Cities, a 134-unit, luxury assisted living and memory care community in North Dallas’ Preston Center.
A joint venture between Silverstone Healthcare Co. and L&B Realty Advisors announced the project in March. HFF secured the four-year, floating-rate financing through Texas Capital Bank and Guaranty Bank & Trust.
When completed, Harbor Retirement Associates, will manage the property under the HarborChase brand. Construction is scheduled for completion in 2017.
Jim Curtin, director; Ryan Maconachy and Chad Lavender, managing director; and Sarah Baccich, associate, led the HFF debt placement team.