Bridge loans on monthly truck parking lots, overnight yards, and converted freight terminals across Texas. $30K to $1M, 50% of what you paid (65% with 12 months of deposits), interest only (a fully amortized option is available on request), underwritten in house, closings in 7 to 14 days.
Texas moves more truck freight than any other state. I-35 runs from the Laredo border crossing, the busiest commercial land port in the country, through San Antonio, Austin, and Dallas Fort Worth. I-10 carries El Paso to Houston traffic, I-45 links Houston and Dallas, and I-20 feeds East Texas from the Metroplex. Every one of those corridors has more trucks than legal places to park them, and the shortage is worst inside the big metros where drivers actually live.
We are a direct private lender, not a broker, and truck parking is a property type we fund on purpose through our outdoor storage financing program. A bank sends a Texas truck yard to an appraiser, the appraiser cannot find comparable sales for a fenced gravel lot, and the file dies in committee. We underwrite from what you paid, the zoning, and the rent you can document, and one person makes the decision.
Those are the markets where we see the most deals. We lend on truck yards anywhere in Texas with legal access and by right zoning.
Most Texas counties have no zoning authority outside city limits, so a yard on unincorporated county land often has no zoning question at all. Inside a city, or inside a city's extraterritorial jurisdiction, truck parking can be regulated tightly, and Houston in particular has ordinances aimed at yards near neighborhoods. We still want it in writing from whichever jurisdiction controls the site. Texas is a non judicial foreclosure state with deed of trust security, closings run through a title company, and title work is fast, which is part of why fast closes hold here.
We also make vacant land loans in Texas. See a funded Texas land loan for how our process runs, and read how truck parking lots get financed for the underwriting detail.
Send the address, what you paid or the contract price, and the loan amount you want. Written quote in about 24 hours.
Yes. We fund truck parking lots and truck yards, operating or start up, across Texas: monthly lots, daily and overnight yards, and converted freight terminals or contractor yards. $30K to $1M, 50% of what you paid (65% with 12 months of deposits), interest only (a fully amortized option is available on request), closings in 7 to 14 days.
50% of what you paid, or up to 65% with 12 months of bank deposits showing the income, from $30K to $1M. Leverage depends on what you paid for the property and how much of the rent you can document with bank deposits. Verified income moves the loan toward the top of the range.
Yes. The use has to be permitted by right and confirmed in writing by the Texas county or municipality that controls the site. Conditional use permits, variances, and grandfathered uses do not qualify.
Usually not. We underwrite in house from the purchase price, the zoning, and the income records. On some deals we may ask for an appraisal or another form of valuation, and we tell you up front if so.
Through a title company, in 7 to 14 days from a complete file. It is a non judicial foreclosure state, which keeps the process simple for both sides.
Send the address, the price, and the loan amount you want. Written quote in about 24 hours, close in 7 to 14 days.