Fund Activity January 2010
The following is a summary of the financial transactions for January 2010:
A commitment letter was issued for a $250K plus loan to a foreign national seeking to purchase a home in Houston
A commitment letter was issued for a $2.5MM loan to refinance a church in SE Texas
A commitment letter was issued for a $100K plus loan to rehab a single family home in Austin, TX
An LOI was issued for a $10MM plus loan to refinance a hotel north of DFW area of TX
Projects being processed for February 2010: A
$2.5MM refinance and rehab loan for a motel located west of the DFW area of TX
A $600K acquisition and rehab loan for a commercial piece of real estate in Austin, TX
A $100K plus acquisition and rehab loan for a single family residence located in Austin, TX
A $1.5MM plus rehab loan for a warehouse to lofts conversion in the Panhandle of TX
A $19MM plus loan for a renovation of a flagship hotel in Houston, TX
If you have a project that needs funding please contact us!
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