BridgeInvest has provided a $57 million construction loan for Frisco Fremont, a planned 313-unit multifamily community in Frisco. The financing supports ground-up development of the project, which will be delivered over the next two to three years before the sponsor initiates its lease-up program. The sponsorship is a partnership between Stryker Properties and Griffon Capital Management, with 25 Capital Partners participating as a preferred equity investor in the capital stack.
The Frisco Fremont project is designed as a diversified multifamily offering, with a mix of studio, one-, two- and three-bedroom apartments. The development will also feature an affordable housing component, adding income-restricted units to the overall program. This mix positions the property to serve a range of household types and price points within the local rental market.
Planned amenities for residents include a swimming pool, clubhouse, fitness center and multiple courtyards. These shared spaces are intended to support on-site community activity and provide competitive features relative to other Class A multifamily properties in the area. The project team has identified BBL Building Co. as the general contractor responsible for delivering the improvements.
Construction of Frisco Fremont is already scheduled, with completion targeted for mid-2028. Upon delivery, the sponsor partnership between Stryker Properties and Griffon Capital Management plans to execute a lease-up program for the 313 units, bringing the property to stabilization following construction. Humphreys & Partners Architects is serving as the project architect, providing design services for both the residential units and common-area amenities.
The capital structure for the project combines BridgeInvest’s construction loan with preferred equity from 25 Capital Partners and sponsorship from Stryker Properties and Griffon Capital Management. The transaction underscores ongoing lender and investor appetite for ground-up multifamily development in Frisco, particularly for projects that integrate an affordable housing component and a full suite of resident amenity spaces.
