All Forum Posts by: William Dampier

@Erica Villarreal when is your next networking event?

@Charles Nguyen bummed that I couldn't make this. When is the next one?

@Lucas S. - welcome to BP & to Houston! 

@Din Pham, good morning!

Real Acquistions is known to have a fairly extensive database. Hope this helps!

Bill

@Charles Mangum we have a little saying, if you are buying from LoopNet you are probably paying to much. I'm not sure of a percentage, but I do see a fair share of pocket listings. Have you tried Lifestyles Unlimited? I'm not affiliated with them, but they do focus specifically on multi family.

@Charles Kent in Texas, interest rates will range from low 4's to mid 5's, depending upon collateral, term, strength of the deal.

Thanks, Bill G. How's the real estate market in Missouri?

Houston Investors:

My name is Bill Dampier, and I am a Commercial Lender with City Bank Texas located in the Westchase District.

At City Bank Texas, our goal is simple – to help you achieve your goal. City Bank Texas was founded by five men with a vision in a small West Texas town on in 1941, and as of today we have approximately over $2B in assets.

We pride ourselves on providing a peace of mind and making life easier by offering commercial real estate lending solutions custom tailored to meet our client’s commercial real estate borrowing needs!

I am here to be a resource for you, think of me as part of your team. My commitment is to help you achieve your financial goals while at the same time making banking convenient. If I can assist you in anyway, please let me know. Simply put, we win as a team!

Traditional bank financing, in most instances, will offer the most favorable terms and interest rates for your multi-family acquisition and rehab. However,  I ask for the Borrower to have approximately 20% - 25% of equity. Hope this provides a little more insight.