Dallas firm snaps up $2B construction loan for Red Oak data center build-out

▤ Summary

DataBank secured a $2 billion construction loan to start the first phase of its Red Oak data center campus near Dallas. The financing will support three of eight planned facilities on the 300-acre site, with the company saying the buildings are already fully leased. The new loan is part of a larger financing push that has brought DataBank $4.7 billion over the past year. The deal accelerates delivery timelines by about 18 months and adds more hyperscale and AI-ready capacity to a fast-growing North Texas market.

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