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Texas Construction Lenders for Commercial Real Estate
Are you building a commercial property in Texas? On this page you'll find a list of private construction lenders for commercial real estate ground-up projects throughout the Lone Star State. The maximum loan-to-completed value (LTCV) for most lenders is 70%. You typically need to contribute 25%-35% of the project costs and have cash reserves. Development experience is always required. Most lenders will require the project to be fully entitled and shovel ready. Some lenders will consider funding up to 50% of the land acquisition. Our platform has construction lenders for various types of commercial real estate, including multifamily, industrial, retail, self-storage, hotels, gas stations and others.
Texas is a huge state, and many lenders only consider CRE construction loans in particular metro areas. Select a region to filter the lender list:
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Commercial Construction Loan Transactions in Texas
Private Construction Loan for Multifamily & Office Property in Allen, Texas
BridgeInvest, a direct CRE private lending firm, funded a $55,000,000 1st lien position non-recourse construction loan to capitalize the development of a 366-unit garden-style Class A multifamily community and Class A office in Allen, TX. The Developer has completed more than 4,000 apartment units across the country including multiple comparative assets in the Dallas market. Construction of both components has begun. BridgeInvest was able to navigate the legal structuring and property assessment implications associated with closing a loan with ongoing construction. This allowed BridgeInvest to partner with a subordinate lender and quickly provide financing to allow the construction to continue. The project will appeal to a family-oriented tenant base seeking the area’s desirable schools, strong employment, and low cost of living. Apartment unit amenities will include stone countertops, stainless steel appliances, and walk-in closets. Property amenities will include a large clubhouse, featuring a resort-style pool, gym, yoga & aerobics room, and sports lounge. The project also includes an adjacent 15,000-square-foot Class A medical office. This deal required coordination with the City of Allen to create a plan that would benefit the neighborhood residents while remaining a strong development opportunity from the investor’s perspective. The office component will fulfill a strong local need for medical office space. This private construction loan was funded in October 2019.