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Megatel Homes' finance unit to launch $200M fund

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Megatel Homes' finance unit to launch $200M fund

Dallas-based homebuilder Megatel Homes Inc.'s finance unit is aiming to launch a $200 million, second preferred income fund to invest in Texas and Oklahoma, the Dallas Business Journal reported, citing a filing.

The unit provides capital to developers of custom home communities, the Oct. 13 report noted.