Frisco’s $2 billion Wade Park project dodges foreclosure again

For a second consecutive month, lenders have opted not to foreclose on Frisco’s troubled Wade Park development.

Two lenders — New York-based Gamma Real Estate and Bamcap Partners of Farmers Branch — have been seeking repayment of more than $130 million in debt on the mixed-use project at the Dallas North Tollway and Lebanon Drive.

In February, the lenders declared the 4-year-old mixed-use project in default of loans and scheduled a forced sale.

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