Hard Money Texas Land loans & Bridge loans
***214 824 0417*** Monty@texaslandfunds.com
Our Mission: is placing hard/private funds on land in metro areas in Texas and top 100 msa type cities outside Texas.
- Land acquisition
- Land development
- pitch your scenario quickly
- Some Texas Land Loan highlights:
- Consider a blended debt and equity loan- Are you short on equity ? consider a loan of 65% of completed value (regardless of your equity contribution) can be used for construction as well.
- Loan for development & entitlements
- cross with other properties (does not have to be land)
- Non recourse available
- Small loans (lot loans from 75k )
- Nationwide lending available
The property should have upside and our loan is used to bridge the time (6 months to 5 years) until the property can be sold as developed or refinanced with some construction loan or longer term loan. These are Bridge loans for debt and equity.
Sponsors should have short summary of transaction and a defined exit strategy. Loans for purchase, refinance, infrastrucuture development, more..
recent land loan closings in Texas
1.1 million bridge loan in N Texas
500k land loan for development in DFW
700k Cash for development in Houston
2 million purchase money – cross collateral of several properties in Texas – DFW
Several lots for residential builders in Texas – Lot acquisition loans (Ask about our Hard Money New Construction Loan)
1 million for resort lots
We like Central Texas and Hill Country (San Antonio area,Austin , Boerne to Fredericksburg,
North Texas (DFW area – Dallas ,Fort Worth, Frisco, and surrounding suburbs)
Houston area
South Texas , Corpus to Harlingen- Brownsville
Other states considered if in growth and rebound area
Land Development
August 1 — December 1
Types of land loans
land acquisition
A&D
A&D and construction , the “one time close” for developers
Do you have other collateral?
August 1 — December 1
Other Hard Money Loans
loans for lots : good for builders, developers buying out another developer or bulk lots…just ask
more coming soon..