Archive for Fund
Commitments Issued in June
In June we issued the following commitments for first lien positions on properties:
$300,000 Residential owner occupied loan to a Canadian couple moving to Texas. They needed this short term loan to allow them time to establish their residency in Texas and build lines of credit that are picked up by the US credit reporting [...]
An Investor Event / Open House July 7
Pride of Austin Capital Partners and Pride of Austin Homes are hosting an Investor Event on Wednesday July 7, 2010 from 6PM to 8PM at 810 Christopher Austin 78704.
Pride of Austin Homes will be showcasing this newly completed custom home designed by Chase Dame and built for Dr. Phillip Caterbone.
Pride of Austin Capital [...]
Foreign National Owner Occupied Mortgages
Pride of Austin Capital Partners has added a loan program for foreign nationals who need a mortgage on an owner occupied property. These loans are limited to the Austin, San Antonio and Houston areas. Please call or email for details.
Investor Relations Positions Available
Pride of Austin Capital Partners (POACP) has positions available for Investor Relations / Capital Raising. POACP manages a Regulation D Security that serves as a hard money lender for commercial and residential properties. Our investors are enjoying an annualized return of 12% or better each month.
Responsibilities would include building relationships with current investors, seeking [...]
I don’t understand the new math!
I admit I am a dinosaur in that I learned my math skills when math was actually taught in the public school system. I fail to understand the math of the Gen X and Gen Y financial people though. Here’s the story – perhaps someone can explain to me the errors of my thinking!
A [...]
Help Us Place $1MM More This Month
We still have over $1MM that we need to get out the door this month from one of our investors. We are seeking loan request from $100K to $500K for projects in Austin, Dallas, Houston and San Antonio.
Multi Family
Single Family Residence Rehabs
Retail
Office
We will lend up to 55% LTV or ARV as a Purchase, [...]
Rehab Loans Available Now
We have funds now that we want to place in residential rehab projects. Please send us a summary if you have a project in Austin, San Antonio or Houston (and the surrounding areas of those cities). If we like it we can fund you this month.
If you need a project then work with one [...]
Buying Commercial Notes
Pride of Austin Capital Partners has an investment entity that is purchasing commercial notes. The minimum is $2MM and the preferred maximum is $30MM although notes over $30MM will be considered.
Notes collateralized by:
Parking Garage
Condo Unit Inventory Loans
Warehouses / Distribution / Flex
Medical Office
Student Housing
CBD Office
Suburban Office
Grocery Anchored Retail Shopping Centers
Mixed Use [...]
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 [...]
Investor Call
For the investors who have been waiting to invest in Pride of Austin High Yield Fund 1: We have identified $2MM in properties that the fund will be lending $1.1MM against in January and Februray of 2010. The funds will be lent out at 13% plus 3 points with terms of 1 year or less. [...]