Direct Lender for Residential Construction Projects in Texas

Streamline Funding is celebrating 20 years of helping Builders grow through our fast, flexible, and customized construction loan packages.  We enjoy helping Builders turn their real estate investment visions into profitable realities. We specialize in fix and flip, single family new construction (1-4 projects/parcel), and community/multifamily development (5+ units/parcel).

We pride ourselves on being a solution based lender.  We take the time to understand you, your business, and your project to create a loan package based on your specific needs.

Please Note: We do NOT offer loans for homesteads (primary residences), rual, or commercial properties (with the exception of multifamily).

Property Geographic Area Details
The great state of Texas! Austin, DFW, Houston, San Antonio.
Loan Amounts
$100,000 to $20,000,000
Interest Rates
7.9% to 11%
Loan Terms
6 months to 24 months
Origination Fees
2% to 3%
Lien Position
1st
Collateral Types
  • Residential Property
Loan Purpose
  • Investment Acquisition
  • Investment Refinance
  • Improve Subject Property
  • Use Equity to Invest in Another Property
  • Value Add Project
  • Development Project
Property Occupancy
  • Vacant
  • Tenant Occupied 100%
  • Tenant Occupied Partial

Maximum Leverage

Purchase Short-Term (no Value-Add):
Max LTP Residential: 80%
Max LTP Multifamily: 70%
Max LTP Land: 75%
Refinance Short-Term (no Cash Out)
Max LTV 1st Lien Residential: 80%
Max CLTV 2nd Lien Residential: 80%
Max LTV 1st Lien Multifamily: 70%
Max CLTV 2nd Lien Multifamily: 70%
Max LTV 1st Lien Land: 75%
Max CLTV 2nd Lien Land: 75%
Refinance & Cash Out Short-Term
Max LTV 1st Lien Residential: 75%
Max CLTV 2nd Lien Residential: 75%
Max LTV 1st Lien Multifamily: 65%
Max CLTV 2nd Lien Multifamily: 65%
Max LTV 1st Lien Land: 70%
Max CLTV 2nd Lien Land: 70%
Residential Fix & Flip
Max LTP: 90%
Max LTC: 92%
Max LTARV: 75%
Residential Rehab & Hold
Max LTP: 90%
Max LTC: 92%
Max LTARV: 75%
Multifamily Value-Add
Max LTP: 70%
Max LTC: 90%
Max LTARV: 70%
Residential Construction
Max LTP Land: 80%
Max LTC: 90%
Max LTCV: 75%
Multifamily Construction
Max LTP Land: 75%
Max LTC: 90%
Max LTCV: 70%

New Construction Loans

About to break ground (literally) on a new residential construction project? You’ve come to the right place. Streamline Funding specializes in funding residential construction projects throughout Texas. We help home builders like you see your vision all the way through to completion. We’re by your side until the very last drop of paint is dry.

  • Loan Size: $250,000 to $5,000,000
  • Leverage: Up to 90% LTC and 75% LTV for 1-4 units, 90% LTC and 70% LTV for 4+ units
  • Interest Rate: Starting at 8.49% 1-4 units, 8.99% for 4+ units based on credit and experience
  • Loan Term: 9 months to 18 months

Land Acquisition Loans

Need to secure land for your construction project but don’t have your permits? We’ve got your back. An land acquisition loan (or infill lot loan) can help you bridge the gap to a construction loan, enabling you to break ground on your lot much faster.

  • Loan Size: $75,000 to $3,500,000
  • Leverage: Up to 75% LTC
  • Interest Rate: Starting at 10%, based on credit and experience
  • Loan Term: 6 months to 18 months

Infill Multi-Unit Loans

This is the loan for a real estate investor looking to turn a plot of land into a multi-unit residential development. It’s similar to a new construction loan, but specifically tailored for larger projects featuring multiple units — this is the loan for true Texas-size projects. Everything is bigger in Texas!

  • Loan Size: $75,000 to $3,500,000
  • Leverage: Up to 75% LTC for loans with 5+ units
  • Interest Rate: Starting at 10%, based on credit and experience
  • Loan Term: 6 months to 18 months

Fix-and-Flip Loans

Looking for a short-term loan to help you fix and flip a house fast? Streamline Funding is your answer. We offer quick, no-hassle residential renovation loans (aka flx-and-flip loans) to real estate investors throughout Texas. We’ve been doing it since 2002. No one knows this real estate market better than we do, and nobody will work harder to help you maximize your profits. We’re right behind you every step of the way, from the time of purchase to the time of sale.

  • Loan Size: $75,000 to $5,000,000
  • Leverage: Up to 90% LTC and 75% LTARV
  • Interest Rate: Starting at 7.99%, based on credit and experience
  • Loan Term: 3 months to 18 months

Bridge Loans

If you’re looking to secure a short-term loan on a residential investment property quickly, a bridge loan from Streamline Funding is exactly what you need. Tap into the equity of your investment property, or use it to buy a new investment property. Skip all the hurdles and hoops of a bank loan; a bridge loan from Streamline Funding is faster and it’s simpler.

  • Loan Size: $75,000 to $3,500,000
  • Leverage: Up to 80% LTC
  • Interest Rate: Starting at 8.25%, based on credit and experience
  • Loan Term: 6 months to 18 months

Documentation Required

We have streamlined our processes to create a simplified application process for fast funding.  All new clients will be required to submit the following:

  • Copy of valid US government issued form of ID
  • Loan Application
    • Will authorize Streamline to run a credit and background check
  • Most recent bank statement(s) proving adequate cash to close
  • Borrower Entity Documents
    • Will vary based on entity type
  • Copies of ALTA/HUD statements from previously completed projects and/or Builder’s Resume to validate experience

Additional documents will be required based on the type of loan program selected.

Property Types

  • 2-4 Units Residential
  • Condominium
  • Mixed-Use
  • Multifamily
  • Residential Land
  • Single Family Residence

Loan Types

  • Private Money
  • Hard Money
  • Residential Fix and Flip
  • Residential Rehab and Rent
  • Residential Ground-Up Construction

Specialty Loan Types

  • Luxury Homes
  • Subdivisions

Description

We will only do a land loan if that means we will be funding the vertical construction as well. We don't offer cash out loans for vacant land.

Land Types Considered

  • Residential Land
  • Multifamily Land

Will Consider Land That is NOT Entitled

no

Max LTV for Land

75%

Max LTC for Land Acquisition

75%

Max Loan-to-Purchase Price

90%

Borrower Must Have Property Under Contract

yes

Will Provide Proof of Funds Letter

yes

Will Consider Lending on Purchase from Auction

no

Allowed Source of Borrower’s Equity

  • Own Cash
  • Partner
  • Equity in Subject Property
  • Equity in Another Investment Property
  • Seller Financing
  • Family
Residential & mixed-use, single & multifamily.

Experience Required

no

Minimum Number of Value-Add Projects Completed by Borrower

0

Will Provide Funds for Renovation Costs

yes

Max LTC for Renovation Costs

92%

Interest Charged for Renovation Costs

Only on Funds Drawn

Typical Number of Days for Funds Draw

3

Maximum After Repair Value

75.00%
For ground-up construction, you don't have to have experience but you will need to have a seasoned GC on the project. The experience level impacts the loan structure. We have beginner as 0-1 projects, Intermediate as 2-4, and Expert as 5+. The best pricing will be at the expert level.

Development Experience Required

no

Minimum Number of Ground-Up Construction Projects Completed by Borrower

0

Max LTC for Ground-Up Construction Costs

90%

Interest Charged for Construction Costs

Only on Funds Drawn

Will Lend on Partially Completed Construction Projects

yes

Processing Fee

One-time processing fee at closing for origination.

Title Fee

Title insurance & closing costs as standard.

Appraisal Fee

Appraisal invoice prior to ordering appraisal as only up-front cost. Vendors in each market consulted for best option available with no additional amount added.

Renovation Construction Draw Fee

Varies by project size, minimal cost for established inspectors.

Minimum Origination Fee Amount

$995

Fees which are mandatory for all new borrower clients

  • Processing Fee

Fees which are paid to a third party company

  • Appraisal Fee
  • Title Fee

Details and Requirements

Typical Closing Time (Days)

10

Fastest Closing Time (Days)

7

Payment Structure
  • Interest Only
  • Interest Reserve
Pre Payment Penalty

no

Will lend to a foreign national

yes

Foreign nationals must have residency papers and established credit history. Exceptions approved in instances with an additional US guarantor.
Will Allow Junior Position Mortgage(s) Behind Our Senior Mortgage

yes

Will Consider Collateralizing Multiple Properties in One Loan

yes

Will Consider Equity Joint Venture

yes

Equity offerings available for feasible projects & experienced developers. Case by case basis.
Borrower Entity Types Considered
  • LLC
  • Limited Partnership
  • Trust
  • Corporation
  • Self-Directed IRA
Documentation Required
  • Credit Report
  • Bank Statements
  • Loan Application
Personal Guaranty (Recourse) Required
Always
Credit Check Required

yes

Minimum Credit Score Required

580

Appraisal Required for Residential Property

Always

Broker Price Opinion (BPO) Accepted for Residential Property

Sometimes

Get In Touch

Streamline Funding pays us to be listed, so there is no fee to connect. Share your loan request, send a simple email, call, or visit their website.

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Streamline Funding is celebrating 20 years of helping Builders grow through our fast, flexible, and customized construction loan packages.  We enjoy helping Builders turn their real estate investment visions into profitable realities. We specialize in construction loans including fix and flip, single family new construction (1-4 units), and community/multifamily development (5+ units).  We pride ourselves on being a solution based lender.  We take the time to understand you, your business, and your project to create a loan package based on your specific needs.

In addition to serving the great state of Texas, we also are approved to fund in 30 other states throughout the US!  States served include AK, AL, AR, CO, CT, DE, DC, FL, GA, IN, KY, LA, ME, MD, MA, MS, MO, NE, NH, NM, OH, OK, PA, SC, TN, TX, WA, WV, WI and WY.  Our list is continuously growing, so stay tuned for more additions to come.  Except the Dakotas – sorry Fargo.

Company Size (Number of Employees)

25

Year Established

2002

Associations

  • AAPL
  • Texas Association of Builders
  • Think Realty - Resident Expert

Office Locations

Austin Headquarters
9050 N Capital of Texas Highway, Austin, TX 78759

Primary Capital Source
  • Own Funds
  • Debt Fund We Manage
  • Individual Investors
  • Family Offices
  • Bank Credit Line
Loan Structure for Majority of Loans
  • Own Balance Sheet
  • One Investor One Loan
  • Multiple Investor Fractionalized Note
Percentage of Loans Secured by Residential Property

99%

Total Number of Loans Funded to Date

1675

Total Loan Volume Funded to Date

$850,000,000

Our Team

Romney Navarro

CEO

Garrison Kickham

Vice President of Lending

Alesondra Mora

AVP of Marketing

Get In Touch

Streamline Funding pays us to be listed, so there is no fee to connect. Share your loan request, send a simple email, call, or visit their website.

Stay Informed About Private Lending

Receive our monthly newsletters with valuable insights and industry updates
subscribe-illustration
Before You Contact Us

Our Minimum Loan Amount Is

$100,000

What We Do

  • Ground-Up Construction Loans
  • Funding for Rehab Value-Add Projects
  • Land Development Financing
  • Residential & Multifamily Properties

Not Available

  • NO 100% Financing
  • NO Rural Areas
  • NO Homesteads (Primary Residence)
  • NO Commercial Properties

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