Davis Polk

Dallas-based firm lands $2 billion construction loan for data center campus$

DataBank has secured a $2 billion construction loan to fund the initial three of eight planned data centers at its 300-acre Red Oak campus south of Dallas. These facilities, DFW 9, DFW 10, and DFW 11, totaling 600,000 square feet and 180 megawatts of power, have already been leased to a major hyperscaler. The financing accelerates the project's construction and delivery by approximately 18 months, with an estimated completion by early 2027.