Community Facility 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: Organizations or entities developing facilities for community services that benefit LMI residents; non-profit and for-profit entities that align with TMF's community development lending priorities are eligible to apply

Use of Funds:

  • Development or Rehabilitation of community-serving facilities (e.g., educational, healthcare, nonprofit use)

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

  • 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%.

Collateral & Guarantees:

  • Collateral - real estate and community facility assets

  • For-Profit Borrowers - personal guarantee(s) are required

  • Non-Profit Borrowers - personal guarantee(s) are optional

Loan Application Checklist

Project-Specific Documents

  • Project Description and Organization Overview

  • Developer Profile (if Applicable)

  • Construction Budget / Contract

Financial Documents

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

  • Organizational Tax Returns (2-3 years)

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

  • Interim Financials - dated within the past 90 days

Operational Documents

  • Organizational Entity Documents

  • Community Impact Statement

Guarantor Documents (If Applicable)
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

  • Credit Authorization(s)

Additional Documents

  • Use of Loan Proceeds Documentation

  • Collateral Documentation - purchase invoices, title information

Downloadable Forms

If applicable, the forms below must be completed separately for each personal guarantor.

APPLICATION FEES

A non-refundable application fee of $150 covers the costs of business credit checks, personal credit bureau reports, 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.