Affordable Housing Loans

Texas Mezzanine Fund’s Affordable Housing Loan Program provides tailored financing to for-profit and nonprofit developers—supporting predevelopment, land acquisition, lot inventory, and interim construction of quality single- and multi-family affordable housing projects across underserved Texas communities.

Loan Guidelines

Eligibility: Job creation/retention for low/moderate income persons or a business located in a low/moderate income census tract.

Use of Funds:

  • Real Estate acquisition or Rehab/Construction of Affordable Housing

     Non-Profit or For-Profit Developments

  • Single-Family or Multifamily Developments

Loan Amounts:

  • Minimum Loan amount of $100,000.

  • Up to $2,000,000 for loan collateralized by real estate with TMF in  a first lien position — 90% LTV in most cases 

  • Up to $800,000 for a loan in tandem with another lender, TMF in second lien position on real estate; combined LTV of 90%.

Terms:

Loan Application Checklist

Completed Signed Application
Fill in all blanks. Please be sure to have each principal complete, sign application.

Debt Schedule
List all existing business debt including capital leases.

Personal Financial Statement(s)
Each Principal, owning 20% or more of the business needs to complete.

Most Recent Tax Returns for each Principal
Complete with all supporting schedules.

Three Years (3) of Complete Financial Statements
Including balance sheet, income statement and cover letter if statements prepared by a CPA.

Past Three Year’s Business Tax Returns

Current Interim Financial Statement
Dated within the past 90 days

Financial Projections and Assumptions
You must provide financial projections for at least two years if in business less than three years, and/or when seeking business expansion funds.

Business Plan

Downloadable Forms

Please download the attached loan application and provide all the requested documentation. A non-refundable application fee of $150 covers the cost of business credit checks, personal credit bureaus, and tax verifications. A cashier’s check or certified check should be included with the application if mailed or sent separately if emailed. Please note that the underwriting process will not begin until the application fee is received.

The check should be made payable to Texas Mezzanine Fund Inc. and sent to the attention of:

Texas Mezzanine Fund Inc.
320 South R.L. Thornton Freeway Suite 110
Dallas, Texas 75203

Please include “Loan Application Fee” in the memo line as well as the applicant’s printed name.