InfoAugust 22, 2014 · Real Estate
Streamline Funding Finances New Construction in Fort Worth, TX
Streamline Funding, a Texas based real estate hard money lending company, finances the new construction of a single family residence in Fort Worth, TX.Press Release VideoLoading the player...Details(prREACH)
Streamline Funding, a Texas based hard money loan provider since 2002, has successfully financed the tear down and new construction of a 2,911 square foot single family residence in the highly desired Crestwood area of Fort Worth to GLAAR Capital Group Inc., a buyer, rehabber, and seller of investment real estate properties.
The property will be demolished and rebuilt into a brand new four bedroom, three and one half bathroom, two story home with a two car garage. “When I first heard that this project (which was originally supposed to be a simple remodel) was going to be a new build, I was ecstatic. I felt that this would best utilize my 15 plus years of new construction experience to help the investor achieve a higher return on their investment,” says Phillip Walker, General Contractor and owner of The Crown Group Builders. The project is scheduled to break ground in September 2014 and according to Alice Ray of GLAAR Capital Group Inc., this will not be the only new build that GLAAR will pursue in Crestwood this year. “With Crown Group’s quality product and our vision, we expect that this new cottage style home will be a welcomed addition to an already wonderful neighborhood,” notes Alice Ray.
"The project on Edgefield is an exciting opportunity and a hidden gem in Fort Worth. By helping the Investors overcome a potential funding hurdle we were able to help them achieve their investment goals," remarks Kelly Smith, Regional Production Manager of Streamline Funding. In its 13th year of operations, Streamline Funding has written nearly 700 loans throughout Texas for real estate investors looking to capitalize on value-added real estate opportunities. Now, the hard money lending company is open to writing new construction loans.
"Our goal is to replicate the success of the transaction that we funded for the investors on Edgefield throughout the Metroplex. We have experienced recent fundraising success and believe that this will allow us to position ourselves as the local leader in alternative financing for new construction investment projects," Romney Navarro, Vice President of Lending at Streamline Funding, comments.
Streamline Funding operates in the 4 major markets in Texas: Austin, San Antonio, Dallas/ Fort Worth, and Houston. Since 2011, Streamline Funding has seen consistent growth quarter over quarter and expects to have another record year of loan originations. The Metroplex has always been a major part of their operations and now, with the inception of (high-end) new construction loans, should prove to be a focal point for the company’s loan operations.LinksQuotes"Our goal is to replicate the success of the transaction that we funded for the investors on Edgefield throughout the Metroplex. We have experienced recent fundraising success and believe that this will allow us to position ourselves as the local leader in alternative financing for new construction investment projects."ImagesContact
512-250-8575Follow UsVisit Site