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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π Dallas to Houston in 90 Minutes? $64M Says Yes! π
π¨ Fast Track Ahead: $64M for Texas High-Speed Rail! π¨
Big news, y'all! The long-awaited high-speed train between Houston and Dallas is "speeding ahead" with a fresh $64 million boost πΈ to connect these two major Texas cities! π
The Texas high-speed rail corridorβwhich promises to link these metros in just 90 minutes πβis moving forward, but not without its bumps. The project, which has been in the works for years, has now received $63.9 million from the Federal Railroad Administration to help make this dream a reality π.
This grant is part of a larger $153 million federal funding rollout πΌ from the U.S. Department of Transportation. The money will assist with operational costs and help advance the project, which has been chugging along π for over a decade. The proposed route stretches 240 miles and will run through 10 counties ποΈ.
Originally, Texas Central Railway took charge of the project, buying land along the proposed route. However, construction never began π§. Fast forward to today, and Amtrak has taken over, with federal subsidies pouring in to push the project forward. Back in December 2023, an initial $500,000 investment relaunched the planning and development program π . Now in its third step, the project is moving along with additional funding to cover expenses.
At the Southwestern Regional Rail Conference, Amtrakβs Senior VP, Andy Byford, announced that construction could begin in the early 2030s ποΈ. Byford emphasized that while the project is still being evaluated, the current forecasts make it worth pursuing π. But donβt pack your bags just yetβthereβs still a long way to go before this train leaves the station!
Not everyone is on board with this high-speed rail. Critics like John Sitilides, a federal affairs advisor, are calling it a waste of taxpayer money πΈπ¬. With a projected total cost of $30 billion π°, Sitilides argues that it's a financial disaster waiting to happen, especially considering the eminent domain issues for rural landowners π.
Still, Amtrak officials remain optimistic about the project's viability due to the large populations of Houston and Dallas and the flat topography π between the two cities.
With only 30% of the necessary land secured, this project has plenty of hurdles to clear. However, Amtrak is confident that with political support and a mix of public and private funding, this rail line could be one of the most viable high-speed railways in the U.S. β¨.
#TexasHighSpeedRail π #Amtrak π #DallasToHouston π #TexasBulletTrain π #InfrastructureUpdates π€οΈ #HighSpeedRail π #FederalFunding πΈ #RailwayExpansion π§ #TexasTravel βοΈ #PublicTransport π
Iβm an experienced Commercial Real Estate Mortgage Broker, please feel free to reach me at 281-222-0433.
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Β© 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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Lorem Ipsum is simply dummy text of the printing and typesetting industry. Lorem Ipsum has been the industry's standard dummy
Copyright Β©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 Β© 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 Β©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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