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Updated over 6 years ago on . Most recent reply
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Commercial Lender in Texas
Hey Guys!
We are planning to sell our property in Los Angeles and do a 1031 exchange for something in San Antonio, Tx. We may have to get two properties, one commercial (8-10units) and one 2-4 unit building. Was wondering if anyone has any knowledge they can share about lending practices in Texas for both commercial and non-commercial properties in comparison to Ca.
1. What fees can I expect?
2. What are the challenges of getting approved for a commercial loan
3.) Is it difficult to get approved for 2 separate buildings simultaneously for our 1031?
4.) Any great lenders that are highly competent, efficient, accessible, with reasonable prices you can refer?
5.) any other info on this process is welcomed!
Thank you!
Stephen
Most Popular Reply
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@Stephen Phan if you're looking for a Freddie Mac SBL, I use Tony Talamas at Hunt Mortgage in Houston. Send me an email and I'll make an introduction for you