Texas · Mixed-Use
Texas mixed-use financing.
We do not fund mixed-use in-house. A building with commercial space is placed through our capital-partner network and reviewed case by case. What we fund directly in Texas is fully residential investment property, one to nine units, $1M to $5M.
By David Hodara · ·
No
Funded in-house
Partner network
Route
1-9 units
In-house box
$1M-$5M
In-house range
Texas mixed-use market context
Our in-house box is fully residential: houses, 2-4 units, condos, townhomes, buildings up to nine units, build-to-rent and rental portfolios. A commercial ground floor takes a building out of that box, so mixed-use goes through our capital-partner network on the partner's terms.
If you are buying or building residential property in Texas, the pages below describe what we fund directly.
What we fund directly in Texas
Each deal gets routed to the product structure that fits. Most mixed-use deals in Texas use one of the following.
Texas small multifamily (5-9 units)
Fully residential buildings of five to nine units: bridge, renovation, ground-up, DSCR exit.
Texas single family & 1-4 unit
Bridge, fix and flip, renovation and DSCR on houses and 2-4 unit property held for investment, $1M to $5M.
Texas ground-up construction
Spec houses and small residential buildings, up to 85% of cost, with a sale or DSCR refinance as the exit.
Texas mixed-use FAQ
Does Passy Capital fund mixed-use property in Texas?
Not in-house. Mixed-use deals are placed through our capital-partner network and reviewed case by case.
What if the building will become fully residential?
Then the finished building may fit our in-house box. A conversion to residential of up to nine units is looked at as a renovation or construction file.
Can a foreign national finance mixed-use in Texas?
Not in-house. Mixed-Use deals in Texas are placed through our capital-partner network, on the partner's terms. What we fund directly for non-US investors is residential investment property, one to nine units, $1M to $5M, lent to a US LLC on the same terms a US investor receives, with no US credit history required.
Got a Texas mixed-use deal? Send it over.
Term sheet inside 48 hours, or a fast no so you can move on. Business-purpose investment property financing only.