**Developers Secure $57M Financing for Mixed-Income Fremont Frisco Apartments**
Stryker Properties and Griffon Capital Management have secured a $57 million construction loan for the development of Fremont Frisco Apartments, a 313-unit residential community slated for completion in mid-2028. The property will be located in Frisco, Texas.
According to Multi-Housing News, BridgeInvest is providing the construction financing, with 25 Capital Partners contributing preferred equity. BBL Building Co. will serve as the project’s general contractor.
As part of a mixed-income initiative, the development will include affordable housing components. Approximately 45% of the units will be designated for residents earning 80% of the area median income (AMI), while an additional 5% will be allocated for those earning 60% of AMI.
Stryker Properties, based in Plano, Texas, is a multifamily syndicator, and Griffon Capital Management, headquartered in Corpus Christi, is a multifamily development specialist with a portfolio that includes more than 6,700 completed units across the U.S. BridgeInvest focuses on middle-market commercial real estate loans ranging from $10 million to $150 million.
