Strategic Financing for a Unique Opportunity
Hopkins Financial is proud to announce the successful closing and funding of a $550,000 private money loan to facilitate the acquisition of a 40,000+ square-foot office building with an attached parking garage in Austin, Texas.
The property, formerly occupied by a federal agency, had sat vacant for years and suffered from theft, vandalism, and general neglect. Ultimately, the government placed it on the market through a public auction, and while many potential buyers walked away due to the building’s distressed state, one experienced investor saw what others missed: true underlying value.
Turning a Distressed Asset into an Opportunity
The borrower recognized that the land alone was likely worth more than the anticipated auction price. They also understood the redevelopment potential of the site. Their options included:
- Rehabilitating the existing structure for smaller, individual office tenants
- Rezoning the property to support a mixed-use office and residential project, capitalizing on Austin’s thriving real estate market
This strategic vision set the stage for a high-upside investment play—but to act fast, the borrower needed gap financing to complete the acquisition.
When Traditional Financing Won’t Work — Private Money Can
The borrower came to the table with a substantial amount of their own cash, but they were still $550,000 short of the total funds needed to close. With just 30 days to complete the purchase and no time to navigate bank underwriting, traditional financing was not an option.
That’s where Hopkins Financial stepped in.
Because the land value alone more than secured the loan amount—and because the borrower was making a significant equity contribution—our private lenders were able to act decisively. We structured and funded the loan quickly, allowing the borrower to close on schedule and keep all redevelopment options on the table.
Transaction Snapshot
- Loan Amount: $550,000
- Property Type: 40,000+ SF Office Building + Parking Garage
- Location: Austin, Texas
- Purpose: Acquisition Financing (Auction Purchase)
- Security: Primarily land value, with added collateral in the existing structure and parking improvements
- Timeline: Funded in time to meet strict auction closing deadline
Speed, Flexibility & Real-World Lending Solutions
This transaction perfectly illustrates the speed, flexibility, and practical advantages of private money lending through Hopkins Financial.
Where banks saw too much risk, Hopkins Financial and our private investors saw opportunity. Our ability to act fast and structure a loan around real collateral value, not rigid underwriting checklists, helped our borrower secure a prime Austin redevelopment site—a property that others passed by.
Why Investors & Borrowers Choose Hopkins Financial
For over four decades, Hopkins Financial has helped borrowers across the country acquire and reposition non-conforming, complex, or time-sensitive properties. Whether it’s a rural subdivision in Idaho, a commercial redevelopment in the Pacific Northwest, or an auction property in a major metro like Austin, we deliver:
Speed: Fundings in as little as 7–30 business days
Flexibility: Loan structures designed around real-world deals, not cookie-cutter boxes
Collateral-Based Lending: Focus on property value and borrower equity
Expertise: A proven track record in private money lending since 1984
Partner With Hopkins Financial on Your Next Opportunity
If you’re an investor, developer, or broker navigating a tight timeline, a non-bankable property, or a unique acquisition, Hopkins Financial can help you turn opportunity into reality.
Contact us today to explore fast, flexible private money lending solutions tailored to your project.
(208) 467-5467
www.hopkinsfinancial.com
About Hopkins Financial
Founded in 1984, Hopkins Financial Services specializes in private money real estate loans nationwide, with a focus on Idaho and the western U.S. We provide financing for residential investment, commercial properties, land development
