We Streamline New Construction Loans for Investors
August 2, 2023
Construction projects can be complex and time-consuming for residential real estate investors, but securing the financing needed for your construction or renovation shouldn’t be. Profitable real estate investing starts with having efficient, seamless financing options available for your construction plans.
If you and your other individual partners rely on construction loans for residential investment property, Texas Gulf Bank can help. We offer an efficient, streamlined process for securing short-term construction loans, allowing you to focus your energy and resources on growing your real estate portfolio.
Learn why Texas Gulf Bank is the best choice for new construction loans for investors, how our position as a community-based bank sets us apart in the market, and our straightforward loan application process.
We Value Individual Investment Partners
The strong Texas economy continues to create opportunities for residential real estate investors, but many need access to loan options for construction or renovation needs. Texas Gulf Bank has extensive experience assisting individual partners with real estate construction loans that support long-term business growth.
Our construction loans are ideal for residential real estate projects such as single-family homes or rental properties, and funds may be used for specific expenses and costs, including:
- Land purchases
- Home construction
- Expansions or additions
- Interior and exterior renovations
Our lenders understand the financing needs of real estate investment partners. We can offer various types of loan options that include favorable loan terms and competitive interest rates. Our short-term loans disburse funds directly to builders according to construction draw schedules to ensure funding is available for all phases of construction.
Once construction financing is complete, borrowers with construction loans have the option to convert them into mini-permanent mortgages*. Individual partners with renovation loans may choose to pay their loan balance once their completed property is sold for profit or ready for rental.
*NOTE: Some creditors may offer one-time-close construction loans that include a permanent mortgage, but Texas Gulf Bank’s one-time close construction loans only include a mini-permanent mortgage.
A Texas Bank Supporting Texas Businesses
For over 110 years, our bank has served as a lending partner to businesses across the Southeast Texas Gulf Coast region, and we understand the unique goals and needs of investors.
As a local bank, we are firmly committed to strengthening our community by offering loan options and banking services that are effective and reliable. Choosing Texas Gulf Bank for your residential real estate financing needs will allow you to tap into these advantages:
- In-depth knowledge of the Southeast Texas Gulf Coast region
- Up-to-date information on market fluctuations
- Strong collaborative relationships with loan officers
- Local customer service representatives
- Prompt lending decisions made in-house
- Expedited funding of approved loans in most cases
Enjoy A Streamlined Loan Application Process
As a local bank, we may be able to offer you a fast loan approval process that supports your project timeline. It starts with a streamlined loan application process.
Applying for a residential construction loan with Texas Gulf Bank begins with an initial assessment to determine your loan candidacy. The ideal candidates for a residential construction loan are experienced individual partners with a history of successful residential investment projects.
Our team of experienced loan officers will evaluate your construction plans, credit history, credit score, available cash equity, debt-to-income ratio, and specific loan needs. We’ll quickly determine if you qualify for a construction loan to expedite the loan review process.
In addition, all applicants for residential construction or renovation loans will need to present documentation including, but not limited to:
- Completed loan application
- Three years of business tax returns and financial statements
- Three years of guarantor tax returns and financial statements
- Year-to-date balance sheets
- Current cash flow and expenses
- Contractor/builder history
- Rental and occupancy projections
Our in-house loan team will review your application and respond promptly once all required documentation is received. Our streamlined loan application process means you have a shorter application and loan review time, and prompt funding if approved.
New Construction Loans for Investors: Apply Today
We are prepared to support your business growth by offering the services, products, and customer service that individual partners need to thrive.
If your individual partnership needs prompt, strategic loan options to help grow your portfolio, Texas Gulf Bank can help. Contact our lenders today about new construction loans for investors in the residential real estate market.
All Loans Subject to Credit Approval