Our relationship doesn’t end the day documents get signed. Whether negotiating with a third-party lender, ensuring adequate reserves for construction and interest, or assisting with take-out financing or equity raises, we are your advocate throughout the process.
Austin, Texas’s newest luxury work-live community
The 2-acre development will consist of three, two-story live-work buildings that will contain 19 townhome-style live-work rental units that offer 1,971 square feet of space. The ground floor will include:
- The main entry door.
- A glass sectional roll-up door.
- A half bath.
- An approximate 10-foot clear height.
- An open workspace.
The townhomes will have a standard complement of stainless steel, energy-efficient GE electric appliances, including a frost-free refrigerator with an ice maker, self-cleaning oven, built-in microwave, dishwasher, and disposal; double stainless steel sink; upgraded hardware. Bathrooms will have stone countertops; bathroom fixtures include an enameled garden tub/shower with ceramic tile enclosure, enameled sink in base cabinet, wall mirror, commode, mirrored wall vanity, and incandescent wall-mounted light fixture. Each unit will also contain a full-sized washer and dryer set.
The surrounding neighborhood consists of primarily newer vintage single-family residential, with some supportive commercial buildings. Approximately half a mile from the community, several restaurants can be found, including but not limited to Daisy Coffee, Taqueria Los Chilangos, Southside Flying Pizza, Man vs. Fries, and Valentina’s Tex Mex BBQ.
Bauerle Ranch Park is located 1 mile to the north and is utilized by residents for hiking, biking, and running. The park has an abundance of wildlife, and deer are spotted regularly. Mary Moore Searight Park is located 4 miles to the east and features six miles of trails with intermittent fitness stations and hike/bike/equestrian trails. The main trail in the park forms a large loop with smaller trails veering off in various directions. Additionally, there are several recreational areas for families, including picnic and barbecue areas, two basketball courts, an 18-hole disc golf course, a fishing pier, a soccer field, two tennis courts, two volleyball courts, and a playground. The park also contains the Ralph DeClairmont Flying Field, a private radio-controlled model aircraft flying field. However, membership is required to fly airplanes, but visitors are welcome.
Contact Tom Gunnison regarding your next build-to-rent development project.
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Highest Degree of LeverageWe loan against the completed value of your project, with no loan-to-cost requirements. As a result, we can provide more funding for your project than a bank can and that means more flexibility for you.
Speed / ConvenienceWe can close as quickly as 5 days, and draws are wired within one to two business days after inspection approval. Banks can take months to review a typical real estate project. In that time, our clients’ projects are already underway and on the way to realizing profits.
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Unmatched Industry ExpertiseWe’ve closed approximately $2 billion in project capital over more than 1000 loans (and counting). Our level of construction market intelligence is second to none.
In-House Manual UnderwritingWe evaluate every deal on its own merits and are faster and more flexible in the evaluation process than traditional financing such as banks. You’ll typically get feedback within the same day of your request and a term sheet within as little as 24 to 48 hours.