Dallas Portfolio Lender

[Waylon Themer]

Dallas Investors--

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 10 years and I have been a portfolio lender for City Bank Texas for the same 10 years. I was in Houston from 2013 through 2017 and recently relocated to my hometown in the Dallas, TX area. As an investor and a lender, I have really enjoyed the BP community for the last few years.

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 680
• 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 5.00% and 6.50% 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

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.