FINANCIAL_SERVICESPENDING

First Southwest Bank Plans $600K Construction Loan

First Southwest Bank issued a letter of intent to provide a construction loan of up to $600,000 at 7% interest for 24 months to support the Two Rivers Phase II affordable homeownership project. The bank financing will complement state Proposition 123 funds and CHFA lending for the eight‑unit community land trust development.

Document date · April 14, 2026

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Motive logo
Veritone logo
TerraCycle logo
Cyvl logo
WithersRavenel logo
Derivita logo
Comcate logo
SafeTouch logo
IANS Research logo
Motive logo
Veritone logo
TerraCycle logo
Cyvl logo
WithersRavenel logo
Derivita logo
Comcate logo
SafeTouch logo
IANS Research logo
Motive logo
Veritone logo
TerraCycle logo
Cyvl logo
WithersRavenel logo
Derivita logo
Comcate logo
SafeTouch logo
IANS Research logo

Scope & details

The full contract record, as filed.

Contract amount
Up to $600,000 (construction loan)
Contract type
FINANCIAL_SERVICES
Contract term
24‑month term; interest rate 7%
Renewal
Initial construction loan LOI with a 24‑month term; no renewal or extension terms specified in the provided text.
Document type
AgendaPacket
Source document
State Housing Board Meeting Agenda April 2026

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Frequently asked questions

Common questions about this contract, answered from the record.

Who was awarded the financial services contract by Division of Housing?

First Southwest Bank was awarded this financial services contract by Division of Housing, as recorded on April 14, 2026. The contract value is Up to $600,000 (construction loan).

How much is the First Southwest Bank contract with Division of Housing worth?

The First Southwest Bank contract with Division of Housing is valued at Up to $600,000 (construction loan), covering financial services work.

What type of contract is this?

This is a Financial Services contract, documented as a agendapacket record.

Where was this contract approved?

This contract appears in State Housing Board Meeting Agenda April 2026 (AgendaPacket), dated April 14, 2026 from Division of Housing. Civic IQ extracts contract records directly from agency meeting documents and solicitations.

What other contracts does First Southwest Bank hold?

First Southwest Bank may hold additional government contracts. View their full contract history, the agencies they serve, and total tracked spend on their Civic IQ vendor profile.

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