By: Bill Rapp - Commercial & Residential Mortgage BrokerHi, I'm Bill Rapp Jr., Capital Advisor at Medallion Funds. With over two decades in the financial services industry, I've had the pleasure of helping countless clients navigate the complexities of commercial real estate financing. 💼🏢
By: Bill Rapp - Commercial & Residential Mortgage BrokerHurricane Beryl pummeled the Houston area Monday, cutting off power to millions and claiming at least two lives. This was the second major storm to hit the city, following a freak derecho in mid-May that caused billions in damages. Just as the commercial real estate industry was beginning to recover, Beryl delivered another devastating blow.
By: Bill Rapp - Commercial & Residential Mortgage BrokerThe recent Supreme Court decision to overturn the decades-old precedent allowing federal agencies to interpret vague laws marks a significant shift in regulatory power. This ruling opens the door for businesses to more easily challenge regulations they find unfavorable.
Arbor Realty, a prominent New York-based lender, is foreclosing on yet another multifamily property in Houston. This time, the focus is on Northbrooke Apartments, located at 17111 Hafer Road. This significant move follows a default by Northbrooke SPE on a $32.5 million loan issued in February 2022. Harris County records indicate that Northbrooke SPE, associated with Mudra Investments and managed by Raxit and Rahul Patel, failed to meet its loan obligations, which amounted to $135,400 per unit.