Deal Types & Asset Classes
Commercial Real Estate Deal Types
Financing advisory solutions across multifamily, mixed-use, industrial, hospitality, land, and specialty commercial real estate projects in Texas and the Southeast United States.
Asset Classes
Financing Across Commercial Asset Classes
Nortex works with sponsors across a range of commercial asset classes. Lender appetite, underwriting standards, and capital structures vary by asset type — we help sponsors identify the right approach for their specific project.
Multifamily
Garden-style, mid-rise, and high-rise apartment communities. One of the most active construction and bridge lending categories in Texas, with strong lender appetite across most markets.
Common Structures
Pre-leasing requirements vary by lender. Stabilization timelines and absorption assumptions are reviewed carefully in oversupplied submarkets.
Mixed-Use
Retail-over-residential, office-over-retail, and live-work-play developments. Lender appetite varies significantly — mixed-use underwriting requires a lender comfortable with multiple income streams.
Common Structures
Retail and office components may require pre-leasing commitments. Lender selection is critical — not all construction lenders are comfortable with mixed-use.
Industrial
Warehouse, distribution, flex industrial, and light manufacturing. Strong lender appetite in Texas driven by logistics demand, e-commerce growth, and nearshoring activity.
Common Structures
Speculative industrial development is generally well-received by lenders in Texas. Pre-leasing may be required for larger single-tenant facilities.
Hospitality
Select-service, extended-stay, and boutique hotel development and acquisition. Requires lenders with hospitality-specific underwriting experience and comfort with flag requirements.
Common Structures
Brand flag and franchise agreements are reviewed by lenders. Operator experience and management track record are significant underwriting factors.
Townhome Development
For-sale and build-to-rent townhome communities. Active development category in Texas driven by affordability and suburban demand. Horizontal and vertical financing structures available.
Common Structures
For-sale product requires absorption analysis. BTR structures may qualify for multifamily-style financing at stabilization. Phasing is common on larger communities.
Land Development
Entitled and unentitled land acquisition, horizontal infrastructure, and pre-development financing for residential and commercial projects across Texas and the Southeast.
Common Structures
Entitlement status significantly affects lender appetite and LTC. Unentitled land carries higher risk and typically requires more equity or a shorter loan term.
Self-Storage
Climate-controlled and traditional self-storage development and acquisition. Active lender market in Texas with strong absorption fundamentals in suburban and exurban markets.
Common Structures
Market saturation analysis is important in established markets. Lease-up timelines for new construction are reviewed carefully by construction lenders.
Retail & Commercial
Neighborhood retail, strip centers, net-lease, and anchored commercial development. Lender appetite is selective — credit tenancy, lease terms, and location fundamentals drive underwriting.
Common Structures
Anchor tenant credit quality and lease term are primary underwriting drivers. Speculative retail development has limited lender appetite in most markets.
Capital Structures
Financing Structures We Help Source & Structure
Commercial real estate transactions require different capital structures depending on the asset class, project stage, sponsor profile, and exit strategy. Nortex helps sponsors identify the right structure for their project and source the appropriate capital from our lender and equity network.
We are not a direct lender. Our role is advisory and placement — we work on your behalf to identify, negotiate, and close the right financing for your project. Our fee is success-based at closing.
Construction Loans
Senior first-lien construction financing for ground-up commercial, multifamily, industrial, and hospitality projects. Structured with draw schedules, interest reserves, and completion guarantees.
Bridge Financing
Short-term bridge capital for acquisitions, lease-up, value-add repositioning, and situations where a sponsor needs to move quickly before permanent financing is in place.
Land Financing
Acquisition and pre-development financing for entitled and unentitled land. Structures vary significantly based on entitlement status, project timeline, and sponsor equity.
Acquisition Financing
Debt financing for the acquisition of stabilized or value-add commercial properties. Structures range from conventional bank financing to bridge debt depending on asset condition and business plan.
Refinance & Recapitalization
Refinancing of existing debt at maturity, rate improvement, or cash-out recapitalization. Also includes restructuring for projects with cost overruns or lender exits.
Mezzanine & Structured Capital
Subordinate debt, preferred equity, and mezzanine structures to fill the gap between senior debt and sponsor equity. Useful for higher-leverage transactions or complex capital stacks.
Phased Development Financing
Structured capital for multi-phase projects where each phase may require separate financing or a lender experienced in phased draw structures and horizontal-to-vertical transitions.
Sponsor Profiles
Who We Work With
Nortex works with a range of sponsors across the commercial real estate development and investment spectrum. Our advisory approach is tailored to the specific needs, experience level, and capital requirements of each client.
Developers
Ground-up commercial real estate developers working on multifamily, mixed-use, industrial, and hospitality projects. We help developers structure and source construction and bridge financing.
Builders
Residential and commercial builders working on townhome communities, BTR projects, and subdivision development. We source horizontal and vertical financing for phased development.
Investors
Commercial real estate investors acquiring stabilized or value-add properties. We source acquisition financing and bridge capital for investors with defined business plans and exit strategies.
Owner-Operators
Owner-operators seeking to refinance, recapitalize, or expand their existing commercial real estate portfolios. We help evaluate financing options and identify the right capital sources.
JV Sponsors
Joint venture sponsors seeking debt financing for partnership-structured projects. We work with both the operating partner and capital partner to structure financing that works for the JV.
Geographic Focus
Texas & Southeast United States
Our primary focus is Texas — one of the most active commercial real estate development markets in the country. Population growth, business relocation, infrastructure investment, and a business-friendly regulatory environment continue to drive development activity across multifamily, industrial, mixed-use, and hospitality sectors.
We are active across all major Texas markets — Dallas–Fort Worth, Houston, Austin, San Antonio, and secondary markets throughout the state. We understand the submarkets, the lenders active in each market, and the pace at which Texas transactions move.
Our advisory practice extends to the Southeast United States, where we work with sponsors on transactions in high-growth markets that share similar development fundamentals. We are selective about the markets we work in — we focus on markets where we have lender relationships and market knowledge.
Primary Texas Markets
Southeast U.S. Markets
We are selective about the markets and transactions we take on. Our focus is on markets where we have active lender relationships and the local knowledge to advise effectively. If your project is outside these markets, contact us — we may still be able to help.
Request a Consultation
Request Financing Consultation
If you have an upcoming transaction or are evaluating capital options for an existing asset, we would like to hear about it. Share your financing needs — asset class, market, deal size, and timeline — and we will respond within two business days with initial feedback and a proposed advisory approach.