Skip to content
×
Pro Members Get
Full Access!
Get off the sidelines and take action in real estate investing with BiggerPockets Pro. Our comprehensive suite of tools and resources minimize mistakes, support informed decisions, and propel you to success.
Advanced networking features
Market and Deal Finder tools
Property analysis calculators
Landlord Command Center
ANNUAL Save 54%
$32.50 /mo
$390 billed annualy
MONTHLY
$69 /mo
billed monthly
7 day free trial. Cancel anytime
×
Take Your Forum Experience
to the Next Level
Create a free account and join over 3 million investors sharing
their journeys and helping each other succeed.
Use your real name
By signing up, you indicate that you agree to the BiggerPockets Terms & Conditions.
Already a member?  Login here
Classifieds
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

Updated about 1 year ago on . Most recent reply

User Stats

4
Posts
2
Votes
Courtney Goza
2
Votes |
4
Posts

Looking for Lender for Small Retail Strip Center in Houston, Tx

Courtney Goza
Posted

My client is under contract on a 4800 sq ft 4 unit retail center in Houston, Tx. We have found financing through a couple of brokers, but my client does not want to pay a broker fee for financing. Can anyone recommend a direct lender who won't charge tons of fees who would write the loan? Looking for approx $380k funding 20% down. 30 year fixed is preferred. Client has excellent credit and several SFR that are paid off. The center is currently fully leased but a couple of the leases expire next year. One in January and the other in November. The other two are in 2025 and 2026. The listing agent believes all tenants will renew. Cap rate on the property is 13.5% and Houston has a shortage of retail spaces. This property was recently renovated and is on a busy corner.

Loading replies...