Dallas-based HALL Structured Finance (HSF) has announced that the company is re-entering the office lending market after focusing primarily on multifamily and hospitality financing in recent years. Throughout its history, HSF has continually adjusted its lending strategy in response to various points in economic and real estate cycles. Now, the company is actively seeking select office opportunities in Texas, specifically targeting value-add and ground-up construction projects.
“HALL has long been active in the office market, both as a developer and years ago as a lender, so we’ve had a front-row seat to the challenges the sector has faced,” said Craig Hall, CEO and founder of HALL Group, the parent company of HALL Structured Finance. “Because of that, we were not making office loans over the past five years, as we saw first-hand concerns about the changing market demand. That said, we now believe office properties in the right location and with the right amenities will be successful. We’re accordingly excited to pursue new office opportunities, and while stabilized office assets may not align with our current strategy, ground-up developments and value-add projects are a great fit for our company.”
HSF’s return to the office lending is marked by a $30.8 million first lien loan for Uptown Tower in Dallas, Texas. The loan, provided to Bradford UPT Partners LLC – an affiliate of Bradford Companies, was used to facilitate the acquisition of the office tower and fund future planned improvements.
Originally built in 1982, Uptown Tower is a 12-story, 253,981 RSF building connected to a six-story parking garage. Planned upgrades include a new first-floor lobby, added fitness center, garage access controls, and enhancements throughout communal spaces. The project is located at North Central Expressway and Fitzhugh Avenue, offering high visibility and access within the fast-growing Knox/Henderson neighborhood. The area is home to major mixed-use developments like Henderson East, Weir’s Plaza, and The Central, where corporate relocations are fueling office demand.
“We’re proud to provide financing that supports the transformation and long-term viability of Uptown Tower,” said Travis Bell, loan officer at HALL Structured Finance. “In a market where many lenders remain hesitant about office investments, this project stood out. The strength of the Bradford team, the quality of the asset, and its location made this a compelling opportunity.”
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