All transactions are Stated Income/Stated Asset and 3 to 36 month terms with interest-only monthly payments and no prepayment penalty.
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Raw land refi
Little Elm, Texas
$1,000,000
Florida Broker and California Developer/Borrower relied on Texas specialist Lender (ESC) for this time sensitive balloon payoff that we closed 8 days after initial look at file.
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Raw land acquisition
Boerne, Texas
$360,000
ESC’s quick closing, 5 days after loan submission, enabled this repeat customer to preserve 1031 exchange benefit by compliance with timeline.
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Downtown lot acquisition
Austin, Texas
$1,800,000
ESC’s bridge loan enables borrower to take down assimilated lots and continue entitlement and planning process for this high rise residential development site.
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Raw land equity cash-out on free and clear property
Leander, Texas
$750,000
Loan amount was all cash-out (no limit) on this free and clear property. New major road adjacent to property results in appreciation far exceeding cost of short-term bridge loan for this repeat customer. ESC has no stipulation on use of funds!
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Commercial tract acquisition
Katy, Texas
$1,375,000
Acquisition of 7-acre tract on Interstate 10. ESC closed this bridge loan exactly 7 days after our first look at file. Closing was small piece of a larger simultaneous transaction and required common sense approach to underwriting.
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Commercial tract refi
Austin, Texas
$2,275,000
Bridge loan paid off bank balloon while this tollway vicinity property continues to be listed for sale. ESC’s Note provides for loan extensions if necessary.
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River front ranchette cash-out refi
Spicewood, Texas
$350,000
Loan paid off owner financed Note, delinquent property taxes, and provided cash to Borrower. ESC closed loan in less that 1 week after our first look at file.
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Office building cash-out refi
Keller, Texas $250,000
Bankable borrower needed fast cash for attractive business opportunity. ESC’s three conditions of title, survey and appraisal streamlined underwriting process.
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Commercial pad sites cash-out refi
New Braunfels, Texas
$880,000
ESC’s loan paid off owner financed balloon, mechanic’s lien for the development infrastructure, and provided cash to borrower.
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Restaurant building acquisition
San Antonio, Texas
$500,000
ESC provided 100% financing for tenant to exercise “option to purchase” provision of lease. Exception for 100% loan made sense for this stable long-term tenant. Actual loan-to-value is 65%.
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