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The Allen Group recently secured a $20 million bridge loan for the recapitalization of 1,031 acres within the Dallas Logistics Hub, a 6,000-acre multi-modal logistics park the company is developing in the Texas city.

The Allen Group received a 36-month, adjustable-rate loan from American Bank of Texas.

“Achieving a financial transaction is tough in today’s capital markets,” said The Allen Group Chief Financial Officer Ken Howell in a prepared statement. “American Bank understands the significance of this project and its long-term value creation.”

An inland port logistics park, the hub will be built adjacent to Union Pacific Railroad’s Southern Dallas Intermodal Terminal, a proposed BNSF Railway Co. intermodal facility, four major highways and a proposed airport.