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All Forum Posts by: Ted Holmes

Ted Holmes has started 2 posts and replied 5 times.

Post: Oklahoma City Portfolio Loan

Ted HolmesPosted
  • Developer
  • Oklahoma City
  • Posts 5
  • Votes 4

Looking to see if anyone has any recommendations on a local or national originator that does SFR portfolio or individual mortgages. We are looking to refi about 1.5M out of private debt and would like to find some lending options that have 30 year options. We have several community banks offering 20 year am with 4-4.5% interest but looking for some more aggressive terms. I saw Aloha and LendingOne as advertisers on here and we've talked to some other national lenders that said they can't do 30's in OK.

Any suggestions are welcome but looking for direct lenders, as we've already been approached by some loan brokers. 

Post: Paseo 24 Apartments in OKC

Ted HolmesPosted
  • Developer
  • Oklahoma City
  • Posts 5
  • Votes 4
Originally posted by @Alyssa Dyer:

@Ted Holmes love this area. I’ve got one off 25th that’s done really well for me. I’m glad other investors are improving the area.

Very cool! Really good area. Not much down there that I wouldn't own!

Post: Paseo 24 Apartments in OKC

Ted HolmesPosted
  • Developer
  • Oklahoma City
  • Posts 5
  • Votes 4
Originally posted by @Harman N.:

Nice facade on the building! Would love to see the "before" picture

Post: Paseo 24 Apartments in OKC

Ted HolmesPosted
  • Developer
  • Oklahoma City
  • Posts 5
  • Votes 4
Originally posted by @Doug Spence:

@Ted Holmes Nice work! Paseo has seen some serious appreciation in the past two years. What's your next deal?

Bought a shopping center in Edmond that we're leasing up; but looking for anything with yield right now. Easier said than done. 

Post: Paseo 24 Apartments in OKC

Ted HolmesPosted
  • Developer
  • Oklahoma City
  • Posts 5
  • Votes 4

Investment Info:

Large multi-family (5+ units) commercial investment investment.

Purchase price: $1,100,000
Sale price: $2,700,000

Bought the property out of a receivership sale and sold it two years later after a renovation and lease-up