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PMB Lending The PMB Capital team has formed PMB Lending, focused on lending to residential developers.

HOUSTON—Aiming to fill a void in capital markets for single-family developers and home builders, PMB Capital Investments has formed PMB Lending, a discretionary pool of capital focused on lending to residential developers with a target of up to $100 million in loans. PMB Lending will provide non-recourse financing with advance rates of up to 75 to 80% of the cost for residential development projects in major Texas markets.

“The major markets in Texas have a dramatic shortage of single-family residential lots that need to be addressed. According to market research, record job and population growth have resulted in the major Texas housing markets being under supplied by over 200,000 homes,” said Matt Mildren, partner at PMB Capital. “Further limiting new housing supply, traditional banks are facing increased regulatory scrutiny and as a result, are pulling away from single-family developments. PMB Lending will allow us to work with many qualified developers and builders to provide capital to help address the shortage in available finished lots.”

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Lisa Brown

Lisa Brown is an editor for the south and west regions of GlobeSt.com. She has 25-plus years of real estate experience, with a regional PR role at Grubb & Ellis and a national communications position at MMI. Brown also spent 10 years as executive director at NAIOP San Francisco Bay Area chapter, where she led the organization to achieving its first national award honors and recognition on Capitol Hill. She has written extensively on commercial real estate topics and edited numerous pieces on the subject.

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