Central Texas Investment
Property Loans.
Central Texas investors often hold scattered rentals across Waco, Temple, Killeen, and Bryan-College Station, with military and university demand shaping tenant profiles and permit rules by city.
Talk through a propertyHow Central Texas deals
actually look
Central Texas is a string of distinct markets, not one uniform region. A fourplex near Baylor, a build-to-rent duplex in Temple, and a six unit walk-up outside Fort Cavazos each call for different financing lanes and different municipal permit paths.
Capituro matches properties by unit count and construction status: residential DSCR on small rentals, multifamily DSCR on 5+ units, new construction on eligible ground up build-to-rent, bridge during lease-up, and cash out after stabilization.
See all Texas investor financing for statewide program overview.
What investors own here
Scattered single-family across counties
Investors commonly own rentals in Waco, Killeen, and Bryan at once rather than one large apartment asset. McLennan, Bell, and Brazos County tax rates and reassessment timing differ property by property. Each address is underwritten on its own DSCR.
Build-to-rent and new duplex stock
Growing corridors around Waco and Temple see small build-to-rent product on platted lots. Permit review in each city runs on its own timeline. New construction fits during build; stabilized duplex and fourplex exits often route to 1 to 4 Unit DSCR.
Small multifamily near anchors
Six to twelve unit buildings appear near Fort Cavazos, Baylor, and Texas A&M. Five to ten units fits 5 to 10 Unit DSCR. Eleven plus routes to 10+ Unit DSCR when inventory exists.
Common Central Texas loan lanes
Cash out refinance
Equity pull after value-add stabilization across Central Texas markets.
Program details1 to 4 Unit DSCR
Single-family, duplex, and fourplex rentals across Central Texas counties.
Program details5 to 10 Unit DSCR
Smaller apartments near military posts and university areas.
Program details10+ Unit DSCR
Stabilized 11+ unit apartments. Refinance and cash out driven by NOI and DSCR, not residential DSCR rules.
Program detailsCommercial DSCR
Commercial DSCR for retail, office, warehouse, daycare, self storage, mixed use, automotive, light industrial, and assisted living property. Purchase, rate-and-term refinance, and cash out when leases and NOI support the request.
Program detailsNew construction
Ground up build-to-rent and infill where local permits support realistic timelines.
Program detailsBridge
Renovation and lease-up transitions before permanent DSCR.
Program detailsWhat slows deals here
Municipal permit variation
Waco, Killeen, Temple, and Bryan each run different inspection and utility processes. Construction schedules must match the city on the permit, not a regional average.
Property tax reassessment
Central Texas appraisal districts reset values after sale. Scattered portfolios mean multiple reassessment events across counties in the same year.
University and military lease cycles
Tenant turnover tied to academic calendars or PCS moves must show up in trailing income, not peak occupancy weeks alone.