Stryker, Griffon Capital Land $57M Construction Loan for Frisco Apartments
BridgeInvest closed on a $57 million construction loan for the Frisco Fremont, a to-be-built 313-unit multifamily property in Frisco. The sponsor, a partnership between Stryker Properties and Griffon Capital Management, will build the property over the 2-3 years before implementing their lease-up program. 25 Capital Partners is also a preferred equity investor in Frisco Freemont.
Freemont Frisco will offer studio, one-, two- and three-bedroom units and will include an affordable housing component. Amenities will include a pool, clubhouse, fitness center and multiple courtyards. BBL Building Co. is the general contractor for the project, construction of which is scheduled to be complete in mid-2028. Humphreys & Partners Architects is the project architect.
Other News
HSL Purchases 180-Unit Tucson Rental Community
HSL Properties paid $31.85 million for the Luma Apartments, a 180-unit project at 2600 W. Ina in Tucson, according to Real Estate Daily News. The sale comes out to just over $175,000 per unit. The seller was Village at The Foothills Owner LLC, of Beverly Hills, California, which can be traced to MC Residential in...
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ARCTRUST, Edison Equity Teaming Up on 175-Unit Austin-Area 55+ Community
ARCTRUST Private Capital and Edison Equity Residential broke ground on Serenova at Dripping Springs, a 175-residence, 55+ age-restricted community in Dripping Springs, Texas. The groundbreaking follows the August closing of the project’s construction loan, provided by North River Partners. This project follows the duo’s effort on Serenova at Woodforest, which broke ground in October 2025. Located adjacent to...
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RK Investors Lands $81M Construction Loan for 299-Unit Charlotte Rental Community
An RK Investors-led team obtained an $81 million construction loan for Sutherland at Piper Glen, a 299-unit multifamily development underway in Charlotte’s Piper Glen neighborhood. The financing was provided by Western-Southern Life Insurance Company. The financing was arranged by Nate Sittema, Kristen Reilley and Elliott Voreis with CBRE’s Debt & Structured Finance team. Currently under...
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Brokers
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Remax Real Estate Professionals
Re/Max Real Estate Professionals
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Jared Ennis
Central CA Commercial | California
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Rick Recckio
Recckio Real Estate & Development
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Greg Corbin
Northgate Real Estate Group
Lenders
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Essex Property Trust, Inc.
California
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Josh A
California
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Bob Tuteur
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Andrew Schildcrout