Author Archives: Cody

Now open for weekend showings

One of the most common questions we get from prospective tenants is “Are you open on weekends?”.  Sadly, that answer was generally “no”.  There are a lot of reasons we didn’t do weekend showings, but that’s for another post.

However, starting next week, we’ll be open on Saturday from 10am to 2pm.  We’d still suggest setting up the time to view during the weekday as if you just come by our office on Saturday, we might be out at a showing.  Or if you’re an existing or future tenant that needs something at our office, I’d suggest calling to make sure we’re not at a showing when you come by.

Our office is located in the heart of Montrose at 3800 Garrott St, Houston TX 77006.  Our office number is 832-640-4444

For most showings, our team normally just asks if you’re going to meet at the property to call when you’re close to confirm you’re still coming by.  We’ll then leave to meet you.  That way, if you’re a little late, we’re not waiting on you.  And if you’re early, you’re not waiting on us.  And if you no-show, we won’t have our feelings as hurt 🙂

$30,000,000 in deals done

Allow us to brag just a little…

As of October 2015, Fat Property has hit over $30,000,000.00 in deals done.  That doesn’t include any refinancing or deals done for others.  This is where Fat Property is principle.

The late Steve Jobs personally congratulated us*

* Okay… This may be an edit from an iPhone announcement image  🙂

Another commercial property in Midtown

To be honest, we’re not sure what we’re going to do with this.  But some of the old photos of this place back when it was up and running made it too cool to pass up.

This property is located at 1110 Winbern, in the heart of Midtown.  It’s actually right across the street from our Fannin building.

Keey your eyes on our Winbern page for updates.

WINBERN 1943!!!!!!

Fat Property completes $7,000,000+ refinance

Taking advantage of historically low interest rates, Fat Property has secured new financing from Freddie Mac on a collection of their inner loop properties.

“This new financing will remove the uncertainty that existed with our previous loans, which were mostly done at 5 year terms a few years back.   It’s reassuring to lock in funds under 5% that we’re not going to have to think about for 10 years.  We were able to both cash out a bit and lower our monthly payment.” – Cody Lutsch, Fat Property

Fat Property worked with ReadyCap Commercial out of Irvine, CA on the deal.   And while Freddie Mac loans are known for their time consuming and paperwork extensive nature, the team at ReadyCap worked diligently to push things though.  Getting timely data helped.

“Cody and his team really helped make the process smooth from our end.  They were very fast in providing all the data and financials we needed.  Fat Property has a solid track record of performance in multifamily.  When dealing with a strong operator who can respond quickly, our job becomes much easier and we can be more effective” – John Drennan, ReadyCap Commercial, LLC

For more information about ReadyCap Commercial LLC, visit their site or see them on our friends page