While most of our inner loop tenants know we have a great food scene, I’m not sure how well known this is to people outside of Houston.
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*
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.
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
We’ll let Izaak talk about himself and his accomplishments on our chitchat page, but for now we’d like to take this moment to welcome him to the Fat Property team! He’ll be taking on the role of operations director. Basically running the office, dealing with vendors, and managing the staff. It’s not an easy job, but he’s ready for it.