DLP Capital Finances Haven at Loyd Park Development
DLP Capital is proud to announce that it has closed a new construction loan with Ascendant Development LLC, a premier developer specializing in multifamily, Build-to-rent, and student housing communities. DLP Capital’s loan will fund the vertical construction of Haven at Loyd Park, a new Class A apartment community located in Grand Prairie, Texas, a city in the Dallas-Fort Worth Metropolitan Statistical Area.
The loan will enable Ascendant Development to transform a 9.3-acre, shovel-ready site into a Thriving Community, further expanding DLP Capital’s portfolio in Texas. By partnering with Ascendant, DLP Capital will help to bring a 245-unit high-quality multifamily project to an area experiencing significant economic momentum and demand for attainable residential accommodations.
Haven at Loyd Park: A new standard in Grand Prairie living
Located near the shores of the 7,740-acre freshwater Joe Pool Lake in southwest Dallas–Fort Worth, Haven at Loyd Park will deliver 245 one- and two-bedroom multifamily units across three-story buildings. The project is underway, with completion targeted for January 2028. Upon delivery, the community will provide attainable housing for working families, with projected lease-up rents at approximately 23% of Area Median Income (AMI).
The development is strategically situated in Grand Prairie, a city that has become a magnet for growth due to its central location between Dallas and Fort Worth. Residents of Grand Prairie are exceptionally well-connected to major employment hubs via Interstate 30 and Interstate 20. At the same time, the suburb boasts its own booming economy: the city recently celebrated the relocation of Major League Cricket’s U.S. headquarters to the area and the grand opening of a new Topgolf facility.2 With a population exceeding 207,000 and an annual growth rate of 5.7%, the city continues to attract new residents and businesses, which drives strong demand for high-quality rental housing.3
Ascendant Development: Excellence in multifamily development
Ascendant Development LLC is a Houston-based real estate firm focused on developing Class A multifamily, build-to-rent, and student housing projects across the U.S. The firm’s principals bring decades of experience and have collectively sourced, developed, and owned tens of thousands of multifamily units nationwide.4
Headed by real estate professionals with 25+ years of construction experience,4 Ascendant has established a reputation for creating stunning living environments that resonate with modern residents. Their commitment to delivering high-quality multifamily communities reflects the same values that drive DLP Capital’s mission to build Thriving Communities that provide safe and attainable housing for America’s working families, reinforcing why this partnership is both strategic and mission-aligned.