Greysteel, a national leader in commercial real estate investment services, has successfully arranged construction financing for a 343-unit Build-to-Rent development on behalf of Welker Properties. Daniel Harnett, Senior Managing Director, and Harrison Cole, Director at Greysteel Capital Markets, spearheaded the financing efforts.
This gated community, ideally located between I-75 and Sam Rayburn Tollway, will blend the best aspects of single-family homes and Class-A apartment living. Each detached unit will feature its own private yard, combining the privacy of a home with the convenience and amenities of managed property living.
Andrew Welker, Founder and CEO of Welker Properties, noted the region’s growth, stating, “Over the past decade, the Dallas-Fort Worth population has surged by over 20%, intensifying the demand for housing. This project has been meticulously designed by top-tier specialists to foster a community that enhances resident satisfaction across multiple generations.”
The community amenities at Wolf Creek Farms will be extensive, including a resort-style pool, a dog park, a fitness center, a resident lounge, multiple open courtyards, Wi-Fi across all common areas and units, and secure property access. The residential units will offer options ranging from one and two-car garages to cottage-style homes, with additional detached garages available for rent.
Daniel Hartnett highlighted the financing challenges: “Financing new construction can be difficult in today’s economic climate. However, our team was committed to providing Welker Properties with a financially beneficial execution. This deal is structured to set the team up for long-term success.”
Residents will enjoy proximity to top-rated public schools and vibrant retail areas including McKinney Town Square, The Star in Frisco, and The Shops at Legacy. The development is scheduled for completion by the end of 2026.
About Greysteel
Greysteel is a leading commercial real estate and capital markets services firm with 16 offices located in Austin, TX; Baltimore, MD; Bentonville, AR; Charlotte, NC; Chapel Hill, NC; Columbus, OH; Dallas, TX; Los Angeles, CA; Miami, FL; Nashville, TN; New Orleans, LA; Newport Beach, CA; New York, NY; Orlando, FL; Philadelphia, PA; and Washington, D.C. Greysteel is a leading commercial real estate and capital markets services firm. Greysteel serves and advises private and institutional real estate investors and developers in the marketing, sale, and financing of private capital and middle-market real estate assets. Our platform optimizes options for our clients by providing end-to-end investment services, from sales and financing to research and investment planning. Strategically located across offices nationwide, Greysteel has established broad market coverage from coast to coast.
