DALLAS, TX -- Dallas, Texas -- Texas Residential Lending LLC ("TRL"), a leading alternative mortgage lender, announced today that it has reached its goal of purchasing $25mm of mortgage loans by mid-2023. To support its growth plans, TRL has expanded its lines of credit with financing partners and aims to double in size by the end of the year. The firm is seeking capital to fund its growth and is currently paying 10.6% annual interest to investors on a quarterly basis.
Texas Residential Lending ("TRL") provides residential mortgage loans to underserved borrowers in several states across the US. Founded in 2019, the firm makes possible the dream of homeownership to individuals who are otherwise unable to secure mortgage financing. The achievement of this milestone highlights the importance of alternative lending institutions like Texas Residential Lending LLC in providing financial support to credit-worthy borrowers who are often overlooked.
According to Cono Casella, Partner at Texas Residential Lending LLC, "We are thrilled to have reached our goal ahead of schedule, which is a testament to the hard work and dedication of our team. Our mission is to provide accessible mortgage loans to those who are unable to secure financing through traditional channels. We are committed to growing our business and making homeownership a reality for even more individuals and families."
Looking forward, Texas Residential Lending LLC aims to continue expanding its loan offerings and geographic footprint, while maintaining its commitment to providing an outstanding experience to its borrowers. The firm is dedicated to providing solutions that meet the needs of those it serves and to helping them achieve their homeownership dreams.
For more information about Texas Residential Lending LLC, please contact [email protected]