TPG Affiliate Secures $115M Loan for Harwood District Renovations in Dallas

A partnership affiliated with private equity firm TPG has secured a $115 million loan to fund improvements at its Harwood District properties in Dallas, with lender Overland Advantage providing the financing in September, according to county records. The loan is backed by Harwood No. 3 and Harwood No. 7, located at 2727 and 2950 North Harwood Street. TPG acquired five buildings in the district in 2025 after developer Harwood International lost seven buildings to sales or foreclosure. Harwood International retains a minority stake in the portfolio. TPG said earlier this year it would upgrade green spaces, infrastructure and tenant clubhouses. Construction has begun, with $4 million planned for lobby and tenant space renovations at Saint Ann Court. The renovations aim to bring the buildings to Class AA status, starting this year and continuing beyond 2027.