Archive for Fund
Our Investors Love Us!
And here’s why by the numbers… 18.5% Annualized Return paid out for the 4th Quarter of 2011 17.6% Yield paid out for 2011 15.93% Historical Yield since inception (December 2008)
New Residential Construction Loan Funded
The last loan funded for 2011 was a residential new construction loan for a home to be built in East Austin. Pride of Austin does make construction loans for ground up counstruction, additions to existing homes and rehab lending on 1 to 4 family properties.
Medical Office Building Funded
Pride of Austin funded a construction loan for a 12,000 SF Medical Office Building to be built in Fulshear, Texas. This is the second phase of a Medical Office Park. The first phase is 100% pre-leased and prospective tenants are already inquiring about the second phase even though ground has not yet broken. We are [...]
Achieving a Higher Standard
Recently Robert Buchanan and David Owen completed a series of courses and earned the Certified Private Lender Associate (CPLA) designation. The American Association of Private Lender (AAPL) is the national organization representing the private real estate lending industry. It is committed to servicing as a catalyst for growth by fostering awareness, promoting best practices, and [...]
Are You Getting This Level of Return on Your Investments?
19.3% Annualized Yield That’s the return the investors in Pride of Austin High Yield Fund made on their investments the 3rd Quarter of 2011. Review your statements from your investment portfolio, 401K Plan and IRA plans. If you are not earning a high return then perhaps you should be adding an investment into Pride of [...]
September Closings Totaled $3,180,000
Pride of Austin Capital Partners closed 4 loans in September totaling $3,180,000. Residential Rehab Loan in Vidor, TX Residential New Construction Loan in Austin, TX Commercial Retail Center Rehab Loan in Austin, TX Commercial Medical Office Park New Construction Loan in Fulshear, TX The interest rate on all 4 loans is 14% with terms of [...]
Residential New Construction Loan Funded in Austin
Pride of Austin High Yield Fund closed and funded on a new construction loan for a single family residence of approximately 2000 SF to be built in East Austin at 1308 Walnut Avenue. More and more banks are telling builders NO to new projects. Private lenders are saying YES if the project is a good [...]
Rehab Commercial Loan Funded in Austin
Pride of Austin High Yield Fund 1, LLC has closed and funded on a $1.1MM rehab construction loan on a retail center located at 7400 Cameron Road in Austin, TX. The retail spaces are 100% leased. The tenant mix for the 12,000 SF center will be a Restuarant-Sports Cafe, a Meat Market-Convenience Store, a Beauty [...]
SFR Rehab Loan Funded
We are always willing to consider rehab lending on 1 to 4 family residences regardless of the loan amount and where the property is located so long as it is within a 300 mile radius of Austin. We funded a loan on a SFR property in Vidor, TX (outside of Beaumont). This fix and flip [...]
A Letter to Our Investors
Recently a loan was paid off in the portfolio. It was not a glamorous loan but it was a meaningful one at the very least. Our borrower inherited a home from his grandfather in the Huntsville, TX area. The borrower is a hard working employee at Bush International Airport in Houston. He wanted to borrow [...]
