BridgeInvest Closes a $57.0 MM Construction Loan in Frisco, TX
1st Priority Mortgage Loan
Loan Amount
$57,000,000
Property Type
Multifamily
Location
Frisco, TX (submarket of Dallas)
BridgeInvest is excited to announce the closing of a $57 million construction loan that is senior secured by a to-be-built 313-unit multifamily property in the Frisco submarket of Dallas, TX. The Sponsor will build the property over the 2-3 years before implementing their lease-up program.
- Texas Chapter 392 affordable housing property
- Shovel-ready ground up construction project
- Rapidly growing Frisco submarket of Dallas