Texas Banks that lend on 50-100 unit multifamily?

Question

The flipping business is doing well and we are looking to expand to some 50-100 class C multifamily properties in the Houston area and would like some recommendations on local banks and loan officers that are familiar with the market and creative financing using combination of private and conventional methods.

I plan to visit:
Vista
AFMB
Bank of Houston

Anyone have experience with these? Recommend a good contact at one of these or another institution?

Thanks,

Sam

I plan to visit: Vista AFMB Bank of Houston

Anyone have experience with these? Recommend a good contact at one of these or another institution?

Thanks,

Sam

Sam Craven · Answer

Thanks for the input Bryan I will reach out to BMC.

What type of fees should I expect to pay for a good broker?

Bryan Hancock · Answer

If you're willing to pay a broker you may consider contacting BMC Capital in town. They are quite good and can likely get you better terms that you'd get on your own unless you're willing to talk to tens or hundreds of banks.

Greg Kunard may still work there. Try giving them a call.

Sam Craven · Answer

I will be sure to report back what i find.

Will Barnard · Answer

Sam, I don't know of any or have recommendations for the three you posted, but when you do get your answer, please do share, I am interested too.

Sam Craven · Answer

Manesh Hardeo That's not a bad idea. I have not been to a lifestyles meeting before because i don't want to be sold something but that right there may be worth the price of admission.

Manesh Hardeo · Answer

Sam -- have you checked with anyone at Lifestyles Unlimited? When I was in Houston their organization did a lot in the multifamily sector.

Texas Banks that lend on 50-100 unit multifamily?

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