NEED GOOD PORTFOLIO MONEY. Anyone have advice?

NEED GOOD PORTFOLIO MONEY. Anyone have advice?

Real Estate Agent · Spring, TX · Member since 2015 · 109 posts · 25 votes

. I’m hoping you can help me or lead me in the right direction to get started. My partner Kyle Lackey and I own EPRA Holdings, H L Homes, and we are partial owners of many other joint ventures for real estate portfolio growth in Texas.

We are looking for a great relationship with companies, funds, REITs, life insurance companies etc. to help with our continuing growth and capital needs. We would like to start the conversations with both traditional or non-traditional lenders to stabilize our real estate portfolio growth. We need approximately 2mm-5mm annually to refinance our projects/portfolios of single family, multifamily, and commercial property in the greater Houston area.

What we are looking for:

-80% LTV on refinance w/ cash out if needed

-5-6% Interest rate

-15-30 year fixed no balloon

-Ability to do Multifamily and single family

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  • Joel OwensBusiness Member
    Moderator
    Real Estate Broker · Canton, GA · Member since 2010 · 15k+ posts · 11k+ votes
    9y

    That seems tough the rate and terms you are wanting.

    Look up Mark Creason on here. He is local to Texas. 

  • Commercial Mortgage Underwriter / Broker · New York City, NY · Member since 2016 · 193 posts · 75 votes
    9y

    @Erick Harbert I have a few ideas that may work. Feel free to reach out to discuss. Thanks and good luck.

  • Real Estate Agent · Spring, TX · Member since 2015 · 109 posts · 25 votes
    9y

    Thanks @Joel Owens I am working on that now. 

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