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New loan will finance next phase of Dallas' RedBird redevelopment

New loan will finance next phase of Dallas’ RedBird redevelopment
Steve Brown, The Dallas Morning News
Two local banks have teamed up to provide construction financing for the next phase of redevelopment of the former RedBird Mall property in Southwest Dallas.
Texas Security Bank and Texas Brand Bank are making $13.5 million in construction loans for the build-out of the central, office portion of the project at Interstate 20 and U.S. Highway 67.
The almost $200 million redevelopment of the former shopping mall site includes new retail and apartments, a hotel and office space. Texas Security Bank and Texas Brand Bank supplied the construction funding to create offices a combination of new construction and recycling existing space. ....

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New loan finances next phase of Dallas' RedBird redevelopment

New loan finances next phase of Dallas' RedBird redevelopment
dallasnews.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from dallasnews.com Daily Mail and Mail on Sunday newspapers.

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Meet The Investor Bringing Housing, Groceries, and Clinics to High Need Areas in Dallas

Meet The Investor Bringing Housing, Groceries, and Clinics to High Need Areas in Dallas
dmagazine.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from dmagazine.com Daily Mail and Mail on Sunday newspapers.

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More Than 110 Organizations Will Participate in the FedNow Pilot Program

More Than 110 Organizations Will Participate in the FedNow Pilot Program
The
US Federal Reserve has announced that more than 110 organizations will participate in the FedNow Pilot Program.
FedNow is a payments initiative to speed up payments and transfers. A consultation with a variety of stakeholders took place in 2018 with the concept of FedNow emerging as a new interbank real-time service seeking to support instant payments in the United States.
Esther George, President and CEO of the
Federal Reserve Bank of Kansas City and executive sponsor of the Federal Reserve’s payments improvement initiatives, stated:
“We’re gratified by the industry’s tremendous interest and willingness to devote time and energy to help us develop the FedNow Service. As a result, we’ve adjusted to accommodate more participants than we originally planned.” ....

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