🚧 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

📊 Will the Fed Cut Rates in September? Inflation Data Breakdown 🔍

By: Bill Rapp - Commercial & Residential Mortgage Broker

Published on: 03/09/2024

The Federal Reserve's preferred inflation gauge, the core Personal Consumption Expenditures (PCE) index, has dropped a significant hint about a possible rate cut in September. This potential shift in the Fed's monetary policy is creating waves, not just in financial markets, but also in sectors like commercial real estate, where the effects of interest rate changes can be substantial. 🌐

Bill Rapp, Commercial Mortgage Broker

Conn’s Closure: Big Impact on Texas Spaces 📉🏢

By: Bill Rapp - Commercial & Residential Mortgage Broker

Published on: 23/08/2024

If you’ve been keeping an eye on the retail scene in Texas, you might have heard about the recent buzz surrounding Conn’s HomePlus stores. The well-known retailer, headquartered in The Woodlands, has decided to close all 174 of its stores, along with around 380 Badcock Home Furniture stores, following a bankruptcy filing in July. This move leaves behind a significant footprint—nearly 4 million square feet of industrial space across the state. 😲

Bill Rapp, Commercial Mortgage Broker