BUSINESS LOAN PRODUCTS

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: Developers of affordable/workforce/student housing (for-profit or nonprofit); must align with TMF's affordable housing lending priorities; projects must be located in an eligible CDFI investment area and must provide at least 51% of units at affordable prices/rates

Use of Funds:

  • Land Acquisition

  • Predevelopment

  • Construction or Rehabilitation of single-/multi-family affordable/workforce/student housing

Loan Amounts: $100,000 to $2,000,000 (varies by collateral type and lien position)

  • 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%.

Collateral & Guarantees:

  • Collateral - real estate and development assets

  • For-Profit Borrowers - personal guarantees required

  • Non-Profit Borrowers - personal guarantees optional

Loan Application Checklist

Project-Specific Documents

  • Development Plan

  • Site Plan

  • Developer Profile - related experience

  • Construction Budget / Contract

  • Project Pro Forma, Rent Rolls, and Operating Statements

Financial Documents

  • Business Financials (2-3 years) - including balance sheet, income statement, and cover letter, if statements are CPA-prepared

  • Business Tax Returns (2-3 years)

  • Business Debt Schedule - list all existing business debt, including capital leases

  • Interim Business Financials - dated within the past 90 days

Operational Documents

  • Corporate Entity Documents

Guarantor Documents
Each Principal, owning 20% or more of the business, needs to complete.

  • Personal Financial Statement(s)

  • Personal Tax Return(s) (3 years) - complete with all supporting schedules

Additional Documents

  • Use of Loan Proceeds Documentation

  • Collateral Documentation - purchase invoices, title information

Downloadable Forms

AFFORDABLE HOUSING GUIDELINES
AFFORDABLE HOUSING LOAN APPLICATION
BUSINESS DEBT SCHEDULE

The forms below must be completed separately for each personal guarantor.

PERSONAL FINANCIAL STATEMENT
CREDIT AUTHORIZATION FORM

APPLICATION DISCLAIMER

Please Note: Submission of a loan application to Texas Mezzanine Fund (TMF) does not guarantee approval or funding. Non-refundable application fees may be required as part of the underwriting process. This fee covers administrative costs associated with processing and evaluating your application. Payment of such fees does not obligate TMF to approve any loan request, nor does it constitute a commitment to lend. Texas Mezzanine Fund reserves the right to adjust fee structures or application requirements at its discretion and without prior notice. Applicants are encouraged to contact TMF directly for current rates, eligibility criteria, and further guidance before submission. If submitting by mail, please send your documentation to:

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

 
BUSINESS LOAN PRODUCTS