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Recent Loans

July 16, 2009
$1,200,000 – Austin, Texas
36 Month Interest Only Balloon
35% LTV cash-out refinance
60.06 acres / Zoned C-3
No income / No asset loan
Funds used to buy out partner and hold property currently listed for a long term sale.
July 16, 2009
$350,000 – Boerne, Texas
10 Year Fixed
55% LTV cash out refinance
5 acre commercial property
With 2,000 sq ft building
July 16, 2009
$250,000 – San Antonio
45% LTV / 100% CLTV seller 2nd
15 year fixed with 5 year balloon
126 acres – purchase
July 16, 2009
$75,000 – San Antonio
50% cash out to consolidate debt
15 year fixed with 5 year balloon
Restaurant / Bar
July 16, 2009
$325,000 – Marble Falls
50% cash out / 24 month Interest only balloon
7.5 acres zoned for multifamily development
Cash to complete engineering plans/legal fees to
Begin project.



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Recent Loans

$735,000 - San Antonio, TX
Rate Term 48% LTV
Commercial Office Building
Balloon with local bank could not be renewed Stated/Stated, 575 fico
 
$600,000 - San Antonio, TX
Cash-Out on 12 acres of prime commercial land off Highway 281 N.
40% LTV, proceeds used to buyout partner.
 
$275,000 - San Antonio, TX
Rate Term Refi on CHURCH
Current Note Ballooning and loan was posted for foreclosure.
50% LTV.
 
$45,000 - San Antonio, TX
Cash-Out, 50% LTV
Refinance on Restaurant
Owner using funds to remodel and repair building

more recent loans