Royal Capital lands bank loan for Fort Worth's Evans and Rosedale

Evans and Rosedale Texas LLC, the entity behind Royal Capital Group’s Evans and Rosedale Urban Village project in Fort Worth, recorded a $48.3 million loan from Cedar Rapids Bank and Trust Company in Tarrant County on Oct. 27, 2026, alongside two leasehold deeds of trust to the City of Fort Worth.

Why it matters

Two deeds of trust run to Cedar Rapids Bank and Trust Company and two are leasehold deeds of trust naming the City of Fort Worth, one labeled unrestricted General Fund dollars and one labeled TIF funds. Every instrument that discloses an amount cites the same $48,293,259 bank loan, so the five filings do not add up to $144.9 million. The city’s own dollar amounts do not appear in the available record text. For Fort Worth builders and lenders, the city documents show public money in the capital stack beside a bank construction loan. A fifth instrument, a warranty deed with no stated price, transfers the Rosedale Lot 1, Block 1 site to the Fort Worth Housing Finance Corporation, a public entity whose ownership can carry a property-tax exemption under Texas law. The Texas Comptroller’s franchise-tax record lists Royal Capital Group, LLC of Milwaukee as Evans and Rosedale Texas LLC’s managing member.

The numbers

The $48,293,259 construction loan is confirmed by OCR text in three of the five instruments: D226208070 (Leasehold Deed of Trust, General Fund dollars, grantee Fort Worth City, recorded Oct. 27, instrument dated Oct. 19), D226208067 (standard Deed of Trust directly to Cedar Rapids Bank and Trust Company, recorded Oct. 27, instrument dated Oct. 22) and D226208071 (Leasehold Deed of Trust, TIF funds, grantee Fort Worth City, recorded Oct. 27, instrument dated Oct. 19). A fourth instrument, D226208068, is a second Deed of Trust to Cedar Rapids Bank and Trust Company covering the same Rosedale Lot 1, Block 1 parcel, recorded Oct. 27 with no dollar figure captured in the available OCR text. The fifth, D226205490, is a warranty deed recorded Oct. 22, 2026, conveying the same site from Evans and Rosedale Texas LLC to the Fort Worth Housing Finance Corporation, with no sale price stated.

What’s next

A City of Fort Worth council action or loan agreement would show the amounts behind the two leasehold deeds of trust. A building permit tied to the Rosedale Lot 1, Block 1 legal description would be the next construction-stage marker, trackable from the Dallas market hub alongside the rest of DFW’s institutional pipeline.