$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*

30-million-iphones-sold
* Okay… This may be an edit from an iPhone announcement image  🙂

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

 

New Property: 7812 Tierwester

Our largest single property to date.  Over 100 units, on over 7 acres of land.   The property is named “Tierwester Village”.   All units are detached 2 bedroom / 1 bath.   They start at $650.

Update:  We flew our drone over the property.  That was fun: https://vimeo.com/104459643

Tierwester71.pngTierwester Village

 

 

 

 

 

 

 

5107 Browncroft OPEN HOUSE DAY 1

Our team had a successful DAY 1 of their open house at our Browncroft location.

This was an opportunity for anyone that had inquired about the property to come view this complex before applying.

They will be out again tomorrow at 10am – 1pm

They’ll also be at our 7812 Tierwester location from 1:30pm – 3:30pm

Here is a preview of 5107 BROWNCROFT

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