Mortgage lead for Land loan in Midland, TX, 79701

Loan Request for Land loan in Midland, TX, 79701

Request #3747127 by Lender

Date Posted

7/22/2025 4:34:05 PM

Property at

Midland, TX, 79701, USA Show Map

Borrower at

Property Type

Land

Property Value

$1,800,000

Loan Request

$900,000

LTV

50 %

Credit Rating

600-619

Net Worth

$1,000,000 - $4,000,000

Loan Purpose

Property Purchase

Purpose

Peppers Truck & Tank Wash Midland, LLC is requesting a short-term, real estate-backed loan in the principal amount of $1MM. The loan proceeds will be used for the acquisition of fifteen (15) acres of commercially zoned land in Midland, Texas. The property is strategically located at 1917 E. Interstate 20, Midland, TX 79701, with dual access, high visibility, and significant frontage along Interstate 20. The Borrower is under contract to purchase the property for $1.8MM and seeks to secure $1MM in short-term funding to close on or before August 15, 2025.

Project Status
Peppers is currently in discussions with multiple investors and family offices as part of an $8.0MM capital raise to fund full project development. Peppers management has secured $800K from a couple investors and is highly confident the raise will close on or before December 31, 2025, positioning this short-term loan for timely repayment.

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Loan Request for Land loan in Midland, TX, 79701