Our rates are low, our application is quick and easy! We can get you clear to close in as little as 10 days!
NMLS ID # NMLS # 228246
William Rapp, based in Houston, TX, US, is currently a Capital Advisor at Medallion Funds, bringing experience from previous roles at eXp Commercial, NEXA Mortgage, Viking Enterprise LLC and Sun Realty - Houston. William Rapp holds a 1997 - 2001 BBA in Finance @ Texas A&M University. With a robust skill set that includes REO, Sellers, SFR, FHA financing, Reverse Mortgages and more, William Rapp contributes valuable insights to the industry.
Great experience purchasing our first home! Bill was easy to reach and always able to answer any questions or concerns.
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Houston Hurricanes: CRE's Call for Change 🌩️🛠️
Houston's real estate market is reeling after Hurricane Beryl left a trail of devastation, spotlighting major infrastructure weaknesses. 🌪️ A week after the storm, a sign for luxury apartments on Westcreek Lane remains toppled, symbolizing the broader chaos.
Despite reduced outages from a peak of 2.26 million, some Houstonians won’t see power until July 19, a staggering 11 days post-hurricane. The commercial real estate sector is feeling the strain, with many questioning the city's preparedness and insurance coverages. 🏢💡
The situation escalated with a group of Houston-Galveston restaurants filing a class action lawsuit against CenterPoint Energy. The hurricane, hitting at the end of a holiday weekend, essentially wiped out two weeks of productivity. "Many clients prioritized family safety over deals," emphasizing the human impact amidst the power outages and extreme heat. 🏡🔥
Despite the chaos, some businesses like Mooring USA ramped up operations to address damage and microbial growth. Mooring reported an overwhelming demand for mold and asbestos testing, underscoring the critical need for swift damage mitigation. 🦠🛠️
Insurance questions abound, with tenants and landlords unsure about claims responsibilities. Mark Rafail of Rafail Insurance Agency clarified that while interior damage usually falls to tenants, exterior damage is the landlord's burden. Yet, business interruption coverage is rare, leaving many without recourse for lost revenue. 💸📑
Reflecting on past hurricanes, Davidson remains cautiously optimistic about long-term business impacts, noting that only a few significant hurricanes have hit Houston in 40 years. However, the frequency of recent storms, coupled with inadequate infrastructure, raises concerns. 🌧️🔄
As Houston braces for a hurricane season predicted to be well above average, the call for infrastructure resilience and accountability grows louder. "There’s no quick fix," summing up the sentiment of many in the commercial real estate sector. 🚧🏢
Stay tuned for more updates as Houston navigates these challenging times. 🌟 #HoustonStrong #PowerOutage #HurricaneBeryl #CommercialRealEstate #Infrastructure #CRE
Should you need an experienced Commercial Real Estate Mortgage Broker, please feel free to contact me at 281-222-0433.
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© 2023-2024 Bill Rapp, Medallion Funds LLC, Director of Capital Advisory
Buying your first home can be both exciting and nerve-wracking at the same time. With so many things to consider and....
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Copyright ©2021 | Mortgage Viking Team
Licensed to Do Business | NMLS # 228246
This is not an offer to enter into an agreement. Not all customers will qualify. Information, rates and programs are subject to change without notice. All products are subject to credit and property approval. Other restrictions and limitations may apply. Copyright © 2021 | Medallion Funds
Corporate | NMLS ID NMLS # 1825831
Corporate Address : 2651 N. Green Valley Pkwy STE. 101 Henderson, NV 89014
Corporate NMLS NMLS # 1825831 | Company Website: https://medallionfunds.com/bill-rapp/
Copyright ©2021 | Mortgage Viking Team Licensed to Do Business | NMLS # 228246
This is not an offer to enter into an agreement. Not all customers will qualify. Information, rates and programs are subject to change without notice. All products are subject to credit and property approval. Other restrictions and limitations may apply
Corporate | NMLS ID NMLS # 1825831
Corporate Address : 2651 N. Green Valley Pkwy STE. 101 Henderson, NV 89014 https://medallionfunds.com/bill-rapp/
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