All Forum Posts by: Carlos Flores

Thanks @Nick B.  Happy to help or point you in the right direction @Veronica Paez.  Please provide more info.

I'm interested.  See signature for contact info.  Thx!

1-4 family residential is exempt from HVCRE. 

Most?  Let me answer it this way.  I think it comes down to personality, capability, experience and time.

Since you asked about apartment complexes, not mom and pop stuff on mls, the buyer generally pays their buyer's rep around here.  That's if you choose to hire one.

An owner/operator with 6000 doors in Houston recently said that he has gone from 5 to 8% physical vacancy.  Exiting tenants cited layoffs.  These were b and c assets mostly in West Houston.  Perhaps there's still a play in downstream areas, and possibly midstream, but I'd avoid upstream.

Welcome Richard.  Where in OK are you based?

I don't immediately get suspicious when someone wants non-recourse. The majority of our volume is non-recourse.

I don't know enough about the deal or the borrower to give proper advice.  If it's an inexperience issue, consider bringing in a partner that has enough experience to get a non-recourse loan if NR is what you're after.

Take someone like myself.  I have fannie mae experience on 100+ unit deals, and have offered to partner with friends if needed.

@Jay Hinrichs wish I had known you were going to be in town. I'm looking at building a few specs and would have liked to visit with you.  I'll shoot you a PM to see if we can connect.

As for the two big companies referenced in this thread, you're not alone ... complaints go back at least 2-3 years on BP.