Top California Lender closed a $20 million construction loan to support the ground-up development of a new hotel and entertainment venue in Frisco, Texas. This time-sensitive deal was finalized today after the initial lender withdrew at the last minute, leaving the project in urgent need of funding.

The project will deliver upscale accommodations, dining options, and entertainment facilities, catering to the rising hospitality demand in one of Texas's fastest-growing cities. Strategically located near the Dallas North Tollway in Frisco's bustling commercial corridor, the hotel will capitalize on its proximity to major retail centers, sports venues, and cultural attractions. The loan features a competitive interest rate of 10.5% with an interest reserve included, ensuring financial flexibility during construction despite the tight timeline.

“It’s great to see this loan helping our client tackle the ups and downs of building something special for Frisco, especially under such pressure,” said Jerry Dean, Chief Executive Officer of Top California Lender.