🚧 Phase I Environmental Site Assessment Explained 📋

By: Bill Rapp - Commercial & Residential Mortgage Broker

Published on: 25/10/2024

If you’re thinking about buying land for a development project, there’s a crucial step you can’t afford to skip—a Phase I Environmental Site Assessment (ESA). This due diligence process is all about identifying any potential environmental risks that could impact the value of the property or, worse, pose a threat to human health and the environment. 🌎 Let’s break down what a Phase I ESA involves and why it’s a must-do for anyone in the real estate game. 👇

Bill Rapp, Commercial Mortgage Broker

🍗 Singapore to Get First Chick-fil-A in $75M Expansion 🚀

By: Bill Rapp - Commercial & Residential Mortgage Broker

Published on: 21/10/2024

Alright, y’all, it’s official—Chick-fil-A is going global! 🌍 And while we Texans love our spicy chicken sandwiches and waffle fries, this news is big! Chick-fil-A is set to open its first restaurant in Singapore by late 2025, making it the company’s “gateway” to the massive Asian market. Yup, Singapore is about to find out why we can't get enough of that Chick-fil-A sauce! 😋

Bill Rapp, Commercial Mortgage Broker

💼 HHA Under Scrutiny: Audit Issues & Toxic Land ☣️

By: Bill Rapp - Commercial & Residential Mortgage Broker

Published on: 18/10/2024

Well, things are getting real spicy over at the Houston Housing Authority (HHA) 🌶️. If you thought your paperwork problems were bad, wait until you hear this! The HHA is under some serious scrutiny following a messy audit and, wait for it... accusations of hiding toxic contamination on a property intended for low-income housing. Yep, you heard that right! 😬

Bill Rapp, Commercial Mortgage Broker

💡 Houston CRE: Watch Out for Hidden Tax Increases 🔍

By: Bill Rapp - Commercial & Residential Mortgage Broker

Published on: 14/10/2024

Hey, Houston CRE owners, we dodged a bullet! 🚨 It looks like we avoided a hefty property tax increase after the state announced it would deliver $50 million in disaster relief funds to help recover from May’s derecho and July’s Hurricane Beryl 🌪️. For a moment there, commercial property owners were staring down a potential tax rate increase of at least 3.2 cents per $100 of assessed value! On a $10 million property, that could have meant a whopping $3,200 more in taxes per year. 😳

Bill Rapp, Commercial Mortgage Broker