Commercial bridge loans for Killeen projects before permanent financing.
Access equity or finance a project before permanent financing. Flexible commercial bridge across property types, with terms up to 24-36 months and loan sizes up to $10M. Killeen-Temple has no tracked vacancy or cap rates, so we underwrite the Temple logistics tenant or the Fort Hood retail lease directly. Business-purpose only, and every structure is set in underwriting.
Typical figures, subject to underwriting and market conditions. Not a commitment to lend.
How it works
Use bridge capital to reposition an asset, buy out a partner, or stabilize before a refinance. We move quickly on commercial deals that banks find too time-sensitive. When the asset is stabilized, we refinance you out of the bridge and into long-term permanent debt, which we also place in house, so you have a clear exit from day one.
What kind of commercial property actually trades in Killeen-Temple?
Two lanes: Temple warehouse and logistics, and post-adjacent retail or self-storage. Temple's non-medical employer base is warehouses on the I-35/BNSF corridor: McLane Company (1,700 employees), the H-E-B Retail Distribution Center (1,700), BNSF Railway (1,500), Wilsonart (1,000), a Walmart Distribution Center (925) and Performance Food Group (550), per the Temple EDC's major-employer list. On the west side of the metro, retail and self-storage along the US-190 corridor east of Fort Hood serve a post with 34,474 active-duty soldiers and 126,225 military retirees using the installation, which the Texas Comptroller credits with $10.64 billion in disposable personal income. No metro-level CRE vacancy, rent or cap-rate series exists for Killeen-Temple, so underwrite the tenant and the lease, not a published market number.
Why does a Killeen commercial deal need a bridge loan instead of a bank term loan?
Because the deal usually needs to move on a timeline a bank underwriting committee cannot match. A lease-up, a partner buyout, or a repositioning ahead of stabilization is exactly the file a bank passes on until the asset already cash flows. We fund that middle stretch with our own capital, up to $10M and 75% LTV, interest-only, for 24 to 36 months, then refinance you into permanent debt we also place in house. There is no published cap-rate or vacancy series for this metro, so the underwriting leans on the tenant, the rent roll, and Fort Hood's $37.9 billion in economic output and 159,692 total jobs supported as the structural demand base behind the lease. See the CRE bridge program for full terms.
How much does property tax move a Killeen or Temple commercial pro forma?
Roughly 2.0% of assessed value in Killeen, and materially more in Temple, before any special-district overlay. The Killeen investor stack works out to about 2.0019 per $100 of value once you add Bell County (0.3128), the county road district (0.0199), the City of Killeen (0.7014), Killeen ISD (0.8778) and Central Texas College (0.09), per the Tax Appraisal District of Bell County's 2025 Tax Rate Table. Temple's stack runs closer to 2.17 to 2.37 once Temple ISD (1.1372) and Temple College (0.2017) are layered on, both meaningfully heavier than the Killeen side. A parcel inside a Bell County Municipal Utility District adds another 0.783 to 1.000 per $100 on top of everything else, which can push a new-build commercial stack near or above 3%. Pull the actual overlay list from Bell CAD for the parcel before you set year-two operating expense, and talk to your CPA about how the stack affects your exit basis.
How long does a commercial permit or repositioning review take in Killeen or Temple?
Fast and lower-cost on the fee side, with a review clock that matters for your holding-period math. Killeen prices new commercial construction at $0.20 per square foot and commercial remodel at $0.24, plus a $0.04 per square foot plan review and a $10 application fee, under the city's fee schedule effective October 2025. A commercial permit-expediter source puts Killeen plan review at 10 to 15 days depending on project type, though that figure has not been confirmed directly with Development Services. Temple's own permit page states 10 business days to review and comment after a permit is paid. Either way, build the review window into your 24-to-36-month bridge term rather than assuming same-week sign-off, and confirm current timelines with the city before you commit to a leasing schedule.
If a Killeen commercial deal goes to foreclosure, how fast does it move?
Fast, and on a fixed monthly clock, same as anywhere in Texas. Texas is a non-judicial, deed-of-trust state under Property Code section 51.002: sales happen at the county courthouse between 10 a.m. and 4 p.m. on the first Tuesday of the month (first Wednesday if the first Tuesday falls on January 1 or July 4), after at least 21 days' notice by certified mail and courthouse posting. There is no residential 20-day cure notice on non-owner-occupied commercial property, so the practical floor from default notice to sale can run close to 21 days. That cuts both ways: a lender or buyer chasing distressed Bell County commercial inventory needs funds committed before the first Tuesday, and a borrower on a bridge needs a term that survives a leasing delay rather than one that has to be fixed at month 20. Talk to us or start an application.
With no published cap rate for this metro, how much equity does a Killeen-Temple deal need?
Plan on a quarter of value, plus closing costs. We lend up to 75% LTV on commercial bridge, so on a $2,000,000 Killeen-Temple property that is up to $1,500,000 from us and $500,000 from you (2,000,000 x 75% = 1,500,000). Payments are interest-only for the term, which keeps the carry light while you lease up or reposition. We could not find a published cap rate or vacancy series for this metro, so the value side of that math gets underwritten off the tenant and the rent roll rather than a market number. Subject to underwriting.
Does a Temple warehouse lease matter more than my credit score on a bridge file?
Yes. Commercial bridge is asset-based, so there is no minimum score. We do run credit, but on this program it counts for far less than it would at a bank, and weaker credit is usually answered with lower leverage rather than a decline. No hard pull to get started. What actually decides a Killeen-Temple file is the asset and the lease: a Temple warehouse tenant on the I-35 corridor or a post-adjacent retail lease is the thing being underwritten, not your personal statement. Subject to underwriting.
How large a bridge loan can a Killeen-Temple property carry?
Up to $10,000,000, with terms up to 24 to 36 months. That covers the size range this metro actually trades in, from post-adjacent retail and self-storage on the US-190 corridor to warehouse and logistics product on the Temple side. Structure is interest-only and can be a purchase bridge or a cash-out against equity you already hold. Set the term against the leasing calendar rather than the optimistic case, since a review or lease-up delay is easier to absorb at month six than at month twenty. Subject to underwriting.
Local rules move. Every tax rate, fee, ordinance and market figure here comes from a primary source and carries the date we read it, and we correct them as the rules change. Where a number is mid-change or we could not verify it, we say so rather than guess. Before you commit a budget, confirm anything that drives it with the city or county, and talk to your attorney or CPA on questions of law or tax.
Published by USA Mortgage Funding, LLC, NMLS #152588. Researched from primary sources by our team, drafted with AI assistance, and every figure checked against its source before publishing. Where an answer rests on a public record, that record is linked under it. Figures read on 2026-08-12.
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