Megatel Closes Out of Residential Townhome Development Near Dallas
Megatel Homes LLC, a Texas-based homebuilder that funds part of its operations through private placements offered by its capital markets division Megatel Capital Investment (MCI), has closed out the development of Parkview in Allen, Texas.
Megatel Homes LLC, a Texas-based homebuilder that funds part of its operations through private placements offered by its capital markets division Megatel Capital Investment (MCI), has closed out the development of Parkview, a 92-lot community in the Dallas suburb of Allen, Texas.
Parkview homes range in size from 1,813 square feet to 2,015 square feet and are priced between the high-$400s to mid-$500s.
Megatel co-founder, Zach Ipour, said that the firm was “able to expand operations and provide high-end communities at an affordable price in the surrounding suburbs of Dallas because of the unique financing structure of MCI Invest.”
“The Parkview project was mostly funded by MCI, which ultimately set us up for success,” he added.
Megatel’s Parkview community is located near Watter’s Creek Village, a 52-acre mixed use property with outdoor shopping, dining, concerts and art festivals. Other nearby amenities include golf courses, parks and walking trails.
“Residents of Parkview can benefit from the community’s safety, attractive tax rate, and proximity to high-end shopping and dining at Watters Creek and the Allen Premium Outlets,” said Ipour.
Megatel Homes has completed more than 100 developments comprised of several thousand homes since its founding in 2006. The company currently has more than 100 communities and is spreading throughout the Dallas-Fort Worth metroplex.
