Stryker and Griffon Secure $57M for New Frisco Residential Development

Stryker Properties and Griffon Capital Management land $57M for Freemont Frisco Apartments, a major 313-unit residential development in the Dallas-Fort Worth area.

By: AXL Media

Published: Mar 11, 2026, 4:57 AM EDT

Source: https://www.multihousingnews.com/

Capital Structure and Project Partners

The financing package for the Freemont Frisco development involves a multi-layered capital stack. BridgeInvest served as the primary lender, providing the $57 million construction loan, while 25 Capital Partners contributed preferred equity to round out the funding. The project has tapped BBL Building Co. as the general contractor, with architectural duties handled by the prominent Dallas-based firm Humphreys & Partners Architects. This financial commitment underscores lender confidence in the Frisco submarket despite broader macroeconomic shifts in the Texas real estate landscape.

Public-Private Partnership for Affordable Housing

A defining characteristic of this development is its integration into a localized affordable housing initiative. In collaboration with the Frisco Housing Authority, the project will operate under Chapter 392 of the Texas Local Government Code. This partnership ensures that a portion of the 313 units will be designated for affordable rents, addressing the mounting pressure on the "cost of living" in North Texas. By utilizing this legislative framework, the developers are able to leverage tax incentives while providing essential housing options for the local workforce.

Strategic Market Positioning in Frisco

The choice of Frisco as a development site is a strategic response to the city’s explosive demographic growth. Over the last decade, Frisco has maintained an average annual population growth rate of 5.4%, spiking to 6.9% in 2024. This growth is heavily supported by the neighboring Plano-Legacy submarket, a massive employment engine boasting over 40 million square feet of office space. By positioning the Freemont Frisco Apartments near this corporate hub, the developers are targeting a steady stream of professional renters seeking proximity to major regional employers.