Streamline Funding is now lending money for new construction projects in Dallas.
May 14, 2014 /MM-prReach/ —
Streamline Funding, the premier real estate hard money lending company in Texas since 2002, has recently agreed to fund construction for Bella Vita Custom Homes on a 5,500 square foot luxury home in the Highland Park area of Dallas, Texas.
Bella Vita was recently named one of the top Texas Builders, according to D Magazine.
Traditionally, Streamline Funding has provided short term real estate capital for the renovation and flipping of distressed properties. This transaction with Bella Vita marks the first time that the company has financed a new, luxury construction project in the Greater Dallas area.
“After about a year of financing smaller ‘starter’ homes and studying the characteristics of the Dallas market, we decided that the time was right to consider financing a trophy property,” states Streamline Funding’s Vice President of Lending Romney Navarro. “
Since 2002, Streamline Funding has written over 600 hard money real estate loans throughout Texas for investors looking to renovate and resell houses. Now, due to the strong demand for housing in the Dallas market, the hard money lending giant is open to writing new construction loans.
“We know our strengths and we know our client’s (Bella Vita’s) strengths and we think together this will be a showcase home for generations to come,” continues Mr. Navarro.
Streamline Funding operates in the 4 major markets in Texas, including Austin, San Antonio, Dallas, and Houston. Their advantages are competitive, short term loan interest rates and the ability to close transactions quickly. Since 2011, Streamline Funding has seen consistent growth quarter over quarter, and with the strong housing market in Texas, they expect to have another record year of loan originations.
Dallas has always been a major part of Streamline Funding’s operations and now, with the inception of new construction loans, Dallas will continue to be a focal point for the company’s loan operations.
For more information on Streamline Funding and how to obtain a hard money loan in Dallas, Texas, please visit http://streamlinefunding.com/about-us-texas-1-hard-money-lender
Name: Erica Thorson
Organization: Streamline Funding
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