How we funded a first time developer $4.3M to acquire his dream project in Houston County.

January 3, 2024
Posted by: Greg
Category: Case Study

After teaming up with Paradyme Funding, together we successfully closed an acquisition loan for a first time developer. The Founder, Ryan Garland immediately expressed that “the site was stellar” sitting geographically between Houston and Dallas, sitting on nearly 500 acres of shovel-ready lots.

The develop team has a solid business model with hard deposits on file, lots of interest and were able to secure a very favorable purchase price that was no-brainer in regards to low risk, great location, and overall feasibility.

The time from application to funding was less than 30 days and included an interest reserve for the 12 month loan term. The flexible terms and make sense underwriting allowed ACTS to qualify or a $4.3m loan and launch their career in real estate development.