Closed EB-5 Capital Investments - Texas

Civitas Galleria Hotel Mezzanine Fund, LP

Location

Dallas, Texas


Overview

Civitas Galleria Hotel Mezzanine Fund, LP made a $13 million mezzanine loan to partially finance the development of a new 256-room dual-branded AC by Marriott Dallas North and Residence Inn by Dallas North adjacent to The Galleria Dallas, a 1.8-million-SF regional mall, and within a 1-mile radius of over 11.5-million SF of office space in Dallas, Texas. Scheduled to open in spring 2018, AC and Residence Inn by Marriott Dallas North will anchor Dallas Midtown Redevelopment Plan, a new $3.5 billion mixed-use development containing $6.5 million SF of office tower space, 9,000 residential units, 1 million SF of retail, restaurants, and entertainment and an 18-acre park.