Archive for Fund
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. [...]
Welcome to Pride of Austin Fund News
Thank you for visiting us online. The FUND NEWS and our BLOG are areas that you will want to read regularly. We will use these sections of our web site to:
Post the current yield being earned through the Fund by the investors in the Fund.
Post information on the types of loans that are being underwritten [...]