
Equity Cash Out for Mixed-Use and Ground Up Construction, Texas
Loan Amount
$1,979,000
Main Highlights
- Borrowers needed to refinance a ballooning loan on a mixed-use commercial property in Austin.
- They simultaneously wanted to complete a ground-up residential construction project in Smithville.
- We cross-collateralized both Texas properties to unlock additional equity, increasing loan proceeds.
- Refinanced existing debt. Funded a $360,000 construction holdback, and a 9-month interest reserve.
- Exit Strategy: Refinance mixed-use property. Sell or refinance completed single-family residence.






















