TEXAS HARD MONEY , AN OVERVIEW OF WHAT AND HOW OUR TEXAS HARD/PRIVATE MONEY FUNDING WORKS :

Distressed income producing properties in Texas, stable property, owner occupied commercial real estate, and Texas Land (raw or improved)

Our group has relationships with various investors in Texas from which we can have a supply of funds at all times for good projects and loans. The goal is to structure a deal to meet your specific requirements as it pertains to a project. We like Commercial property in Texas with a clear exit strategy as our loans are 1 -5 years.

Whether you need a fast money loan, mezzanine/equity financing, bridge loan, hard money, or foreclosure bailout, our investors and  capital sources have the financing capabilities to allow you to refinance or purchases your project quickly.

Large Product overview: Investor/Lender can provide financing for numerous property types

Large projects (500k+ are funded in major -top 25 type markets) on nationwide basis:.

• Commercial real estate funding – including sustainability projects for acquisition, construction financing, or the renovation of an existing building for a new use (i.e. office to residential development)
• Joint venture capabilities and mezzanine financing structure
• Acquisition of vacant or partially vacant building in order to reposition the property within a given market
• Foreclosure bailout loans
• Up to 90% LTV for financing equity & debt
• The re-purchase of debt by an owner at par or at discount

Texas Bridge Loan Parameters: ( we can do smaller loans in Texas)

• Metro areas in Texas (population over 50,000), Loan min. 50k (Austin,Dallas,San Antonio, Houston, some 2nd Tier markets considered)
• National: $500k to $25 million
• Loan to value: 65% LTV
• Security: first, blanket mortgages,  mezzanine financing, equity participation
• 1-5 year terms,, some fixed for 25 years
• Recourse: non-recourse and recourse
• Closing: as fast as necessary and as fast as documentation and 3rdparty work can be performed

Texas Land Funds and Land Lending- The process:
Our Texas based investors have allowed us to fund projects that traditional institutions could not or would not consider in regards to land. Land LTV is always lower because of the non income producing characteristic of land. You may have to hold the land for years before the right development is doable.

• Land Types:
• Raw Land
  Developed Land /Lots
  Commercial Land /Pad Sites
  Subdivisions
  Residential Lots
  RANCHES – ESPECIALLY TEXAS RANCHES

Since land does not product income, the underwriting is heavily weighted towards value and understanding of land. Its important for us to understand as much about the market as possible and every detail on the land. We focus on Texas land because we have investors in our major markets and can generally move quickly to determine the value of the land.

Commercial real estate transactions have different needs, but , time and money are a large consideration. By focusing on Texas metro areas we are able to fund deals from about 100k – 4 million. We are both broker and lender and lender/investor representative. By working with several capital partners we are able to serve a broad spectrum of hard money lending needs in the State of Texas.

TEXAS LAND LOANS and Texas commercial real estate hard money loans (apartments, office, retail strip center, other income properties

Loans to 25 million

Raw land loans (there is  no 100% financing available on land)

Decisions are based on as is value.

Typically 50% of  “as is value” if existing appraisals, consider the Marketing exposure time noted. Less than 12 months is key.

For purchase, typically 65% of cost.

We will need
Credit
Loan application (click here)
Details on the land (survey, vicinity map, zoning issues)
Summary of  loan request including exit strategy and loan repayment.

HARD MONEY LAND LOANS: WHY

Sometimes raw land need to be purchased quickly and with less underwriting than banks. Like land development financing, funding on raw land is all about location and as is value. As is value of raw land can be affected by various factors from environmental and zoning concerns to access and infrastructure. Let us know, provide as much detail as possible when talking with us. Do you need to take out owner financing or buyout partners? Don’t let a short fuse stop your transactions. Our services offers immediate results with creative capitalization plans that meet the unique set of financial circumstances of each of our clients.

Through the years we have developed relationships with various investors that range from institutional lenders to private lenders that have allowed us to fund projects that traditional institutions could or would not consider. Commercial real estate transactions have different needs, but time and money are a large consideration.