I want to introduce myself and our typical product to those who don't yet know me. I have been a buy and hold investor for 7 years and I have been a portfolio lender for City Bank Texas for the same 7 years. I have been in Houston for about 2 years after transferring from our Dallas Branch in 2013. As an investor and a lender, I have really enjoyed the BP community for the last year and a half. Now for the good stuff:

Our typical loans have the following requirements and structures:

Houston area and Dallas area properties

Up to 75% LTV/Up to 80% loan to cost including acquisition cost plus improvement cost

Minimum credit score of 650

Minimum loan amount of $35,000 and maximum loan amount of $10,000,000

Can blanket multiple properties or do deals one at a time

W-2 or consistent 1099 income is very helpful but not required

Can loan on houses, multifamily, office, retail, industrial, and self storage

Can loan on distressed property

Up to 20 year amortization

Up to 5 years fixed rate with typical rates ranging between 4.50% and 6.00% with a 1% origination fee.

Average closing time on houses is 21 days. But can close as quickly as 10 days if the stars align. Typically 45 to 60 days for commercial property

If you want a reference from some of my best clients within the BiggerPockets community, don't hesitate to talk to @David J.

Contact me at [email protected] or 469-474-9089

As a buy and hold investor and as a lender I simply love talking real estate. Don't hesitate to contact me for anything. I welcome any questions or comments.

Offering

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