Real estate debt for Texas developers.
Construction, bridge, land and mezzanine. We take your project to the banks, debt funds and private lenders that write Texas real estate, put their term sheets side by side, and close the best one.
Four lenders, one page.
Loan to cost, rate, recourse and term for each lender type writing Texas construction this month. A mandate gets the same page with the lenders named.
How a mandate runs.
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Send the project.
Budget, site, drawings, sponsor financials, any term sheet you already have. One email is enough. Inside a week you get a read: where it sits with each lender type, what leverage is realistic, and whether your bank is already the right answer.
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The list.
Six to ten lenders whose criteria the project actually fits. You see the list and approve it before anyone hears your name. Nothing is blasted.
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Term sheets.
Each lender is approached one at a time with a package they can underwrite from. What comes back goes side by side: leverage, rate, recourse, reserves, extensions, fees.
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Closing.
Lender diligence, appraisal, third-party reports, loan documents, funding. The fee is paid at closing out of proceeds. No retainer, no engagement fee, nothing if it doesn't fund.
Six to ten, not sixty.
A lender list is built from what each lender actually writes: asset type, size, leverage, recourse, sponsor profile. The ones that fit get the package. The ones that don't never see it.
Bank at 57%. Debt fund at 75%.
On a $50m project the difference is $9m of equity you don't have to raise. Which one is right depends on the sponsor, the asset and the timing, and that's the first thing the read tells you.
Where lenders are pricing.
Public sources, dated, updated monthly.
We read the filings.
Every commercial project over the state threshold is filed with TDLR before it starts. We read them all and cluster them by owner. It's how we know who is building what, and it's how you heard from us.
- Dallas / Fort Worth$10.6bn
- Houston$5.3bn
- Rest of Texas$4.7bn
- Austin$4.5bn
- San Antonio$1.2bn
- 964 groups · $28.4bn · TDLR filings, Sep 2026
The firm.
La Vitesse Capital is a real estate debt advisory based in Sydney and run on Texas hours. Debt only: construction, bridge, land, mezzanine. No equity, no securities, no investment advice.
Principal: Joseph Eun. Capital markets in Australia, equity deals to A$1bn, KPMG, law and accounting.
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