Stonehawk Capital Partners has secured a $44.6 million refinancing loan for The Henley, a 255-unit apartment complex in Grand Prairie, Texas. The property, located at 3850 Double Oak Avenue, was developed by Stonehawk in 2024. According to a release from Walker & Dunlop, the financing was provided by Goldman Sachs as a floating-rate, interest-only bridge loan. The deal was arranged by Walker & Dunlop’s team of Walker Layne, Stephen West, Matthew Wallach, Austin Sneed and Tyler Evenson.
The Henley features one- and two-bedroom apartments along with amenities such as a two-story gym, pool and dog park. It is situated about 30 miles southwest of downtown Dallas near Midlothian and Mansfield.
Grand Prairie is drawing increased investor attention due to its growing population and efforts by the city to streamline permitting processes for new real estate projects. In recent years, the city has annexed over 2,000 acres to facilitate the development of Goodland—a master-planned community spanning 5,000 acres across Highway 287 from The Henley. Dallas-based Provident Realty Advisors is developing Goodland as “a city within a city,” which will include housing for nearly 50,000 residents at full build-out alongside trails, parks and commercial spaces.
Stonehawk continues to expand its presence in other high-growth suburbs in the Dallas-Fort Worth area with developments including The Olsen in Garland, The Dalton in McKinney, The Weldon in Denton and The Dawson in Arlington.
