Houston Construction Lenders for Commercial Real Estate
Are you building a commercial property in Houston? On this page you'll find a list of private construction lenders for commercial real estate ground-up projects in Houston's urban areas. 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 industrial, retail, self-storage, hotels, gas stations and others.Searching...
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Commercial Construction Loan Transactions in Houston
Private Construction Loan for Multifamily Development in Houston, Texas
$38,000,000
Parkview Financial, a private construction lender based in LA, provided a $38MM loan for the development of a 126,500-square-foot, mixed-use multifamily project in the Montrose/River Oaks submarket of Houston, TX. The six-story apartment building will include 168 residential units, more than 20,475 square feet of ground-level retail space, and an above-grade parking structure with 305 spaces. The tenant amenities will include a rooftop deck, resort-style pool, outdoor kitchen, fitness center with vinyl plank flooring, clubhouse with quartz surfaces, business center, lush landscaping, dog park, outdoor space with stadium seating, and a leasing office. Each unit will include a full stainless-steel appliance package in the kitchen with an electric range and oven with a vent-hood and built-in microwave, and a washer and dryer in the unit. Select units will feature balconies or private patios. Construction commenced in early 2020 with anticipated completion in mid-2021.