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Texas  + Dallas-Fort Worth  + Apartments  |  October 4, 2024
PGA Links gets $135M refi
Mike Boyd
By: Mike Boyd

Carbon Companies Secures $138.8M Refi for PGA Links

Carbon Companies received a $138.3 million bridge loan tied to a large-scale multifamily development in Frisco, The Links on PGA Parkway.  The loan, arranged by BayBridge Real Estate Capital, will be used to refinance existing debt from the first two phases of the master-planned project. 

Jay Miller, Spencer Miller, AJ Felberbaum, Gabe Stolar and Noah Rothman from BayBridge originated the financing provided by MF1 Capital, LLC, a multifamily-focused debt fund.

The Links on PGA Parkway is a four-phase luxury multifamily residential community with landscaped shared green spaces, adjacent walking and biking trails and several on-site health and wellness amenity options. The first two phases, composed of 690 units, opened in December 2021 and October 2023, respectively. Carbon Companies is in the process of securing construction financing for phases three and four, which total 620 units. 

Located at 15950 Paramount Way, The Links residents will enjoy two clubhouses, two resort-style pools with inviting outdoor lounges and two state-of-the-art fitness centers. For golf enthusiasts, a golf simulator is available.

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Corgan Companies

About Mike Boyd

Mike covers our Texas and Phoenix/Southwest regions. He is a veteran news reporter who spent 10 years in radio and television news, mostly in Tucson, Arizona. Following his career in the media, he spent ten years as a communications executive for a publicly traded development company. Mike is married with three boys and three Huskies.
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