Hillcrest Tower Owner Borrows $17.2M From First Bank

The owner of Hillcrest Tower, a North Dallas office building, borrowed $17.16 million from First Bank, according to a deed of trust recorded with the Dallas County Clerk on Oct. 22, 2026.

Why it matters

A recorded loan of this size is a fresh lender underwriting a Dallas office asset at a time when office credit is tight. For brokers, lenders and owners in North Dallas, it is a dated, public data point on what a bank will put against a single office property in this submarket.

The borrower is the property-owning entity named in the record link. The deed of trust also includes an assignment of rents and a fixture filing, which gives First Bank a claim on the building’s rental income as well as the real estate.

The numbers

• Loan: $17,160,000 principal, payable to First Bank as beneficiary, per the recorded instrument.
• Dates: Executed Oct. 21, 2026, recorded Oct. 22, 2026.
• Record: Instrument 202600226980, 26 pages, covering two parcels.
• Collateral: Lot 2, Block A of the Second Installment Hillcrest Green subdivision.

No sale price accompanies the filing. Texas deeds of trust record financing, not transfers, and nothing in this record indicates a change of ownership.

What’s next

The record does not say whether the loan refinances earlier debt or funds new work at the building. A released lien recorded against the same parcels in the coming weeks would point to a refinancing. A building permit would point to capital work. The full deed of trust, including the collateral description and lender terms, is linked in the sources below for anyone underwriting nearby office debt. More in Dallas-Fort Worth market coverage.