All transactions are Stated Income/Stated Asset and 3 to 36 month terms with interest-only monthly payments and no prepayment penalty.
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Retail center cash-out refi
Dallas, Texas
$350,000
Pennsylvania broker needed local lender (ESC) to see the value in this revitalized area of Dallas. ESC’s bridge loan paid off owner financed Note and provided substantial operating cash to owner while rent stabilizes.
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Raw land cash-out refi
Austin, Texas
$2,250,000
ESC’s loan provided bank balloon payoff and operating cash to developer for this 150-acre ranch adjacent to SH 130 tollway and major intersection. Development loan or sale of property will pay off this 1-year bridge loan with loan extension provisions.
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Cash-out on free and clear ranch
Kimble County, Texas (heart of Hill Country)
$500,000
ESC’s bridge loan secured by this 1,500-acre ranch provided fast cash for this repeat customer’s business opportunity totally unrelated to subject property.
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Condo conversion cash-out refi
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.
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Cash-out on free and clear ranch
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 (IH 35).
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Office building acquisition
New Braunfels, Texas
$650,000
ESC closed this straightforward acquisition of historical downtown building in a matter of days after bank turn down at 11th hour, saving buyer substantial earnest money at risk of loss because of back up contract.
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Cash out on free and clear commercial tract
Colleyville, Texas
$325,000
ESC facilitated 7-day turnaround on appraisal in order to meet client deadline for cash on another project. ESC closed this transaction in less than 10 days.
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Raw land refi
Little Elm, Texas
$1,000,000
Florida Broker and California Developer/Borrower relied on Texas specialist Lender (ESC) for this time sensitive balloon payoff that we closed within 8 days after initial look at file.
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Raw land acquisition
Boerne, Texas
$360,000
ESC’s quick closing, 5 days after loan submission, enabled this repeat customer to preserve 1031 exchange benefit by compliance with timeline.
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Commercial tract acquisition
Katy, Texas
$1,375,000
Acquisition of 7-acre tract on Interstate 10. ESC closed this bridge loan exactly 7 days after our first look at file. Closing was small piece of a larger simultaneous transaction and required common sense approach to underwriting.
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