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
Transaction media