This $360,000 12 month 1st lien loan is for the payoff of the first lien of 2 tracts of contiguous residential land and the construction of a 3,560 duplex at the intersection of Martin Luther King Boulevard and Harvey Street on the East side of Austin, Texas. The property addresses for the lots include 2933 Martin Luther King and 2935 Martin Luther King,  The property appraised with the completed duplexes for $569,000. Our interim loan will be on .40 acres (the total land size of the two tracts) and the completed duplexes.

This $409,483 loan is for the refinance of a 1.424 acre tract of land located on a cul-de-sac at the end of Villa Court in the popular 78704 zip code just south of downtown Austin, Texas.  This is a bridge loan that will be refinanced into a development loan after the borrower completes the site plan and building permit through the city of Austin to complete a 6 lot, 12 unit condo or duplex development.  The borrower has successfuly completed several projects using Noble Capital's Private Lender Network.
 

This $1,850,000 loan is for a refinance construction loan on a 21,348 SF commercial building in downtown Houston, Texas. The owner of the property currently is negotiating a lease with Nationwide Insurance and a restaurant chain which will commence on January 1, 2009 after tenant improvement have been completed. The family who has owned the property for nine years, formed an LLC a year ago and brought in the borrower as a partner. At that time, they transferred the subject property ownership to a new LLC with the intent of the borrower using his construction expertise and construction company resources to obtain financing, and manage the entire process of replacing the tenants with stronger leases. TI has been complete for two thirds of the building and work is scheduled to be completed as throughout the end of the year. This is a bridge loan which will be paid off with a permanent loan within 12 months.

This $713,000 12 month 1st lien loan is for 3.1 acres zoned for a retail pad site located at the intersection of Hwy 71, 21 and 95 in Bastrop, Bastrop County, Texas. The property was appraised a couple of months ago for an ‘As Developed’ amount of $1,775,000 by a reputable appraiser and is expected to appraise at a similar amount with our ‘conservative’ appraisal approach.

This $1,129,000 12 month 1st lien loan is for 7.8 acres zoned for a retail pad sites located at the intersection of Hwy 71, 21 and 95 in Bastrop, Texas.  The 7.8 acres is extremely well located on a permanent hard corner off major thorough fares Hwy 71 and 21.  The borrower is obtaining the loan for the purpose of purchasing the tracts of land and financing the hard and soft costs (engineering, site plan, permitting, right of way abandonment, land clearing, utilities, roads, etc) associated with the completion of the project.  Once the land is fully developed the developer plans to sell the pad sites thru a well known commercial real estate company.

This 12 unit urban condo project is 75% complete and there is $605,600 worth of stage funded construction funds set to be deployed over the next 90 days.   The project is located in a downtown Austin neighborhood and is unique in that it is the only new condo construction on the main arterial street leading into downtown.  The project is on track to finish construction this fall.

This $700,000 loan is for the refinance of a 27 acre tract of land in Lago Vista, Texas.  The borrower needs a bridge loan while he completes the approval process for his construction permits through the city of Lago Vista. The borrower will be refinancing into a construction loan with a bank as his exit strategy. The property is located on Lohman’s Ford in Lago Vista, one of the fastest growing cities on the North Shore of Lake Travis. The borrower is planning a 74 lot, 151 unit condo development on the property that will capture the great hill country and lake views. The borrower already has two local builders under contract to purchase the lots and build the condos. The borrower will be paid $40,000 per lot when the builder’s buy the land.  The borrower  will receive another $30,000 on the back end of the agreement as the builder’s sell the condo units off. The borrower is very strong with 700+ credit scores and $2,000,000+ net worth. His monthly income is more than enough to cover the note payments if needed.

This $879,000 12 month 1st lien loan is on a .26 acre Single Family Residential lot.
The loan will be for demolition of an existing duplex and construction of a new 4,499 SF duplex condo (2,391 SF Unit A & 2,108 SF Unit B) in the Travis Heights subdivision just south of downtown Austin, Texas. The duplex is located on Betty Jo Drive just a few blocks off of Travis Heights Boulevard and Riverside Drive. The property appraised for $1,271,000 by a Noble Capital directed appraiser, who is very conservative. Our interim loan will be on the .26 acres and then the construction of the two units.

This $402,975 12 month 1st lien loan is for a 1.122 acre tract of residential land and development of a 3800 SF home in the Ensenada Subdivision located on Canyon Lake which is an Austin and San Antonio, Texas. The property appraised at $597,000.

The borrowers are two partners with experienced construction backgrounds. They have owned the land for over a year.  They have hired experienced subs to complete the construction of the house. The borrowers are strong with building experience, good credit and over a solid net worth of assets.

The loan is for the purchase and completion of  construction for three custom homes on large lots. The three homes are part of a larger master planned residential subdivision that has been since sold off successfully to another developer who is completing the development of the remaining planned houses right now. 
The homes were left in different stages of completion with 70% or more completed on each house.  The previous builder defaulted on their construction loan and our borrower will complete this project with this new loan.

This $230,000 loan is for the cash out of a 2.249 acre commercial tract of land located in Texas City, Texas, on Palmer Highway, a main thoroughfare through the city. The borrower intends to use the cash for the cross collateral on an apartment complex loan in Austin, Texas. The loan has a 34% LTV based on the appraised value of $680,000. The borrower’s exit strategy is to sell the property to a buyer he is negotiating with currently.

This $81,000 loan is for the purchase of two contiguous tracts located at 2508-2510 Rosewood Avenue, Austin, Texas.  The property is located in the heart of East Austin, an area that is experiencing escalating values due to new growth and development. The borrower bought the property as a bank foreclosure well below market value and intends to explore development options on the property or sell it within the next year

This $280,000 loan is for a refinance loan on a 5,000 SF improved commercial property in downtown Houston, Texas.  The owner of  the property currently has a photography business in the location. The owner purchased the property in 2002 and built it out as office space in 2005.  The borrower will spend the funds received from closing on paying off debt and repairing credit. The exit strategy is to refinance the property into permanent financing within the next 12 months.

This $1,600,000 loan is for the refinance of an apartment building in Austin, TX. The refinance is to allow the borrowers additional time to conventionally financing the subject property. The borrowers and their brokers feel a conventional loan should be attainable within 90-120 days. This is a short term bridge loan request to pay off another lender who is calling the note due because the loan matured on July, 31st, 2008. The property has a debt service coverage ratio of approx 1.20 with the terms of the loan Noble Capital has provided and is a strong candidate for a permanent loan.

This $90,000 first lien loan is for Cash Out on a Single Family Residence located at 8803 Summer Trail, San Antonio, TX 78250.  The borrower owns the property free and clear and intends to use the proceeds to purchase a “Plan Ahead Events” franchise and the remainder as start up working capital for the first 12 months. The collateral is estimated to appraise for $150,000 putting us at a 60% Loan To Value.