Specialists in San Antonio Commercial Real Estate

Each of the 7 distinct market regions of Texas has its own unique landscape and character. These influence not only the average price of land, but also the easibility of building a house, for instance. Over the years, the cost of land in Texas has continued to rise, corresponding to the national real estate market conditions. Several factors, such as the size of a plot, the demand for land, the terrain, and the accessibility of the land, play an important role in this regard. Two major factors of high prices are the constant influx of urban dwellers to rural areas as they look for open plots of land for purposes other than commercial or agricultural, and the development of rural and suburban areas.

Rent rates vary greatly and are dependent on location, age of the property, curb appeal, demographics of the surrounding neighborhood, adjoining tenants like a grocery or pharmacy, etc.

Yes, it is! The Austin-San Antonio Corridor has been consistently one of the strongest real estate markets for over a decade, and this includes both residential and commercial development. San Antonio is widely known for its consistent and dependable market, with strong demographics and a very welcoming business community. Add to this many popular local attractions, and well-respected public schools, San Antonio is a wonderful place to do business and raise a family.

Interim financing, also known as a bridge loan or gap financing, is the process of obtaining funds on temporary terms to close a transaction. IRC Capital Residential Ltd. is a San Antonio-based private non-bank lender that provides interim construction financing for residential construction, generally for a term from six to twelve months. The fund is the resource for home builders to access loans from a private equity pool.

A new-home builder identifies lots in a subdivision where he wants to construct new homes. He should have a few buyers for the to-be-built homes already under contract. IRC provides the builder with up to 100% of the financing to construct the house.

An interim construction loan is secured short-term lending that is provided to support the construction of apartments, homes, complexes, office buildings, shopping centers, and other durable permanent structures. It usually lasts only till the time of completion of construction.

During construction, one has to pay the interest. It is only after the completion of the construction that one has to pay off the loan. Further, because of the higher risk involved, construction loans usually have higher interest rates than traditional mortgage loans. IRC Capital Residential Ltd. provides loan amounts ranging from $100,000 to $600,000+ for a term of 6 to 12 months.

As the largest state in the USA, Texas has a flourishing construction industry. Needless to say, construction loans are available in a vast array of options to build a new home or for renovation purposes. In Texas, construction loans typically involve a lender who provides requisite funds to the borrower in a number of installments as the construction project progresses. Further, construction loans in Texas tend to have higher interest rates than other types of loans, such as home equity loans.
One of the major advantages of Texas construction loans is that they can be used to finance the purchase of the property and the construction costs associated with that property.

Construction loans in Texas will involve a lender providing funds to a borrower in a series of installments. These are called construction draws and are made as construction progresses with each draw being inspected prior to funding. Prior to loan approval, borrowers are required to provide detailed plans and specifications regarding the project, estimated budget, and timeline of the completion of the project. In Texas, construction loans can be used for both residential and commercial purposes.
They can be either short-term or long-term and can have fixed-rates or variable-rates depending on the market. For any further queries regarding construction loans in Texas, you can connect with us via call at (210) 828-9261.