Yorktown Realty Capital

Check out the June edition of the Scouting Report. We are focusing on a top lending market for Yorktown Realty Capital - Steamboat Springs, CO.

Yorktown Realty Capital recently closed a refinance for this condo development in the DFW MSA. 60% of the units were sold and with the construction loan maturing the borrower needed to refinance. We funded 75% LTV with a cashout to extend his term and give the developer time to market and sell the rest of the units with no PPP or minimum interest due. Reach out to learn more!

Drew Kough just closed DSCR debt for a new construction single family home that the builder is holding as a rental. 75% LTV Cash-out 7.35% 7/6 ARM Our programmatic approach with home builders building in the $300-$700K range wanting to build a rental portfolio is unmatched. Reach out! Yorktown Realty Capital

The current real estate lending market presents ample opportunities for private credit investors, driven by the need for new financing solutions.

Luke Stanford just closed on a spec new construction deal for a first-time sponsor in the Austin, Texas market. Our client had been a GC in the homebuilding industry for over 10 years and had also completed several custom jobs, but this was his first build as a sponsor and PG. In a lending market where "Show me your HUDs" is the first and primary underwriting question asked, Yorktown Realty Capital still believes in a common-sense underwriting philosophy. Assuming all other credit requirements are met, we are eager to assist career GC's who wish to make the jump to sponsoring their own projects.

Yorktown Realty Capital congratulates Jesse Howe for recently funding the land development of a 150 unit build-for-rent project in North Texas. The 12-month term will give the sponsor the time needed to complete the horizontal improvements before refinancing into our vertical facility. Please reach out to learn more.

Yorktown Realty Capital just closed a 7 home portfolio of newly built single-family homes that will be held as rentals. Scattered Site 6.9% 7/6 ARM 65% LTV Cashout Reach out to Drew Kough to learn more!

Lumber prices steady since dropping from COVID-19 highs. Predicable material costs are critical to forecasting project success. Speaking with our borrowers, many of our longer-term development loans are performing at or below original budget costs - lumber being a key reason why.

For new construction deals under 20 units, we can now offer unit release prices at par of the allocated loan amount. For select borrowers we will not require aggressive principle paydowns as the initial units are being liquidated. Please reach out to learn more.

Check out this month's edition of the Scouting Report. We are focusing on a top lending market for Yorktown Realty Capital - Fort Worth, Texas.