Multifamily Construction in Dallas, TX
Dallas multifamily starts have moderated from 2022 highs but Frisco, Plano, the Legacy West corridor, and the Lewisville / Flower Mound area continue to draw lender interest. Suburban multifamily in southern Denton and northern Collin has cooled materially. We arrange senior construction debt up to 75% LTC at banks and bring full capital stacks to 85% capitalized basis with mezz and pref equity.
Dallas Developer Market
Dallas–Fort Worth has been the #1 single-family permitting metro in the U.S. for several years running, with the northern Collin and Denton county corridor producing the bulk of vertical activity. Frisco, Prosper, and Celina have absorbed extraordinary land basis appreciation since 2020 yet continue to set permit records.
The depth of national homebuilder activity in DFW has compressed lot-takedown margins for developers and pushed many independent builders into custom and semi-custom spec at higher price points. Capital is widely available but pricing differentiates sharply between repeat builders and newer entrants.
Collin and Denton counties lead, with significant overflow into Rockwall, Hunt, and northern Kaufman as land basis tightens. Prosper and Celina absorbed more than 8,000 single-family permits combined in 2024. Multifamily permitting has cooled from 2022 peaks but remains strong in Frisco, Lewisville, and the Plano-Allen corridor.
Texas regional banks still actively lend, but at 65–70% LTC ceilings. Private credit is broadly available for higher-leverage debt and master facilities for active spec builders. BTR capital is competitive given the depth of operating partners across the metro.
Dallas Submarkets We Place In
Multifamily Construction Program Terms
Representative Dallas Deal
316-unit wrap multifamily project in Frisco. Bank senior at 65% LTC, mezzanine to 82% capitalized basis. Close in 9 weeks.
Frequently Asked Questions
Questions builders and developers ask about multifamily construction loans in Dallas.
Frisco, the Legacy West corridor, North Dallas, and the Lewisville / Flower Mound corridor draw the most lender interest given employment density. Eastern Collin and southern Denton suburban deals face tighter underwriting. Pricing differentials between submarkets can be 25–75 bps for comparable sponsors.
Other Developer Programs in Dallas
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