“We had a rehabilitation hospital we were developing in the Mid-Cities in 2009. Because of the downturn, the lead lender decided to not honor its commitment to the loan and the equity partner bowed out. After meeting with more than 100 banks in a three-month period, we learned that the rural farm-to-market banks of Texas had not suffered as much as others during the housing collapse. Their key source of funds was from crop and livestock sales, which continued to produce. With some hard work, we were able to syndicate a group of farm-to-market banks and close the deal. … It was a $25 million project in a market that no one was doing anything in. But instead of getting down and depressed, we got creative and solved the problem. It was the catalyst for us to keep growing. Without that project and our ability to overcome the substantial hurdles of 2009, we wouldn’t be a shadow of what we are today.”
Related Articles
Arts & Entertainment
Here’s Who Is Coming to Dallas This Weekend: March 28-31
It's going to be a gorgeous weekend. Pencil in some live music in between those egg hunts and brunches.
Arts & Entertainment
Arlington Museum of Art Debuts Two Must-see Nature-Inspired Additions
The chill of the Arctic Circle and a futuristic digital archive mark the grand opening of the Arlington Museum of Art’s new location.
By Brett Grega
Arts & Entertainment
An Award-Winning SXSW Short Gave a Dallas Filmmaker an Outlet for Her Grief
Sara Nimeh balances humor and poignancy in a coming-of-age drama inspired by her childhood memories.
By Todd Jorgenson