Recent Transactions
All transactions are ‘Stated Income/Stated Asset’ bridge loans with interest-only monthly payments and no prepayment penalty:
Cash-out on free and clear 10-acre development site
Cedar Park, Texas
$500,000
Half of loan proceeds paid off partners and property taxes while other half provided business operating cash to our repeat customer.
Cash-out refinance on residential lot
West Lake Hills, Texas
$2,250,000
Loan proceeds provided cash to customer for business purposes unrelated to subject property. Unique collateral is 10-acre lakefront lot with downtown Austin, Texas view. ESC provided 1-year bridge loan with two 1-year loan extension options.
Cash-out on free and clear downtown office building
Austin, Texas
$600,000
ESC issued Loan Commitment on same day loan application was received. Loan closed 10 days later. Loan proceeds were unrestricted cash out.
Cash-out refinance on rehabilitated retail center
Dallas, Texas
$450,000
East coast Broker needed local lender (ESC) who knows Texas market and, for this transaction, gentrified area of Dallas. ESC’s bridge loan paid off owner financed Note and provided operating capital while rent stabilizes.
Cash-out refinance on raw land
Austin, Texas
$2,250,000
ESC’s loan provided bank balloon payoff and operating cash to developer for this 150-acre ranch adjacent to new tollway. Customer’s payoff plan is development loan or sale of property.
Cash-out on free and clear hill country ranch
Kimble County, Texas
$500,000
ESC’s bridge loan secured by this 1,500-acre beautiful Texas Hill Country ranch provided fast cash for our repeat customer’s business opportunity unrelated to subject property.
Cash-out refinance on condo conversion project
Austin, Texas
$750,000
This inner city apartment-to-condo conversion project was purchased using bank acquisition and construction financing. After one year, ESC’s bridge loan provided bank balloon payoff and additional funds for investor to complete project.
Cash-out on free and clear ranch with Interstate 35 frontage
San Marcos, Texas
$600,000
Property has been owned by same family for more than 50 years. ESC’s loan enabled pursuit of family business opportunity without the need to liquidate coveted growth corridor ranch.
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