Recently declared by Forbes as America’s next “boomtown,” Austin ranks #1 in the country for job growth, population growth, and education levels – with no signs of slowing down anytime soon. It should come as no surprise that a thriving economy and job market also give rise to a hot commercial real estate investment market.
What Does Riverdale Funding Offer?
Riverdale Funding is a direct private commercial mortgage lender that provides alternative commercial financing options to commercial real estate investors and developers for a range of types of commercial real estate and non-owner occupied properties. We are a true commercial hard money lender, which means we do not require proof of income, financial history, or a minimum credit score. Our asset-based loan programs are based primarily on the value of the property or properties offered as collateral. We specialize in being able to fund hard-to-place commercial loan requests that other lenders cannot, as well as quickly financing time-sensitive commercial loans. Riverdale can assist with all your commercial real estate financing needs in Austin.
Riverdale Funding offers the following types of commercial loans:
- Blanket loans
- Hard money loans
- Bridge loans
Because we lend from our own portfolio of funds, all loans can be tailored to meet each borrower’s specific financing needs. For more information about Riverdale Funding and how commercial hard money lending works, click here. You can also call and speak directly with one of our experienced account executives!
Our Austin Commercial Loan Terms:
- Loan amounts from $250K-$5M+ or higher
- Up to 65% LTV/ 50% LTV on improved land
- 1-3 year loan terms/ interest-only
- Flexible underwriting
- Competitive rates
- No financials
- No pre-payment penalties
- ALL credit accepted
The Austin Commercial Real Estate Market
Austin’s growing population has triggered an increase in real estate development downtown, with many new condos and luxury rental towers changing the skyline and increasing the number of multi-family units available. The expanding downtown residential market is also attracting new retail businesses, including boutiques, restaurants, and nightlife.
According to a recent study, there are over 10,000 residents living downtown Austin currently, and new construction projects will increase the population to nearly 15,000. If you’re thinking about becoming an investor in Austin’s real estate market, you’ll need a commercial mortgage lender that can move quickly if you want to successfully purchase select properties.
Even though Austin is a small market in terms of size, the Texas capital continues to be at the top of many real estate investors “wish lists,” and it is poised for nothing but continued growth in upcoming years. Austin has shown to be an attractive location for many corporate headquarters and Fortune 500 companies to call home. Big-time players like Dell, IBM, Hewlett-Packard, Whole Foods Market, Inc. all hold major offices or headquarters in the city, while a robust tech and entertainment scene continues to draw talent from outside the metropolitan area. In this instance, a small market only translates to high competition in the commercial market sector – something well worth a closer look.
Riverdale Funding in Austin
Should you be looking to the Austin, Texas market for your next CRE investment purchase, Riverdale Funding provides financing solutions where conventional lenders are unable. Allow us to assist you with funding all your high-dollar commercial real estate investments -- $250K up to $5M or more – today. Submit your commercial property loan application online or give us a call at 888-368-4983.