If you are involved in any aspect of business that involves single family residences you’ll find Texas Republic Bank has been there also. The loan officers at the bank have financed every conceivable type of investment, construction, management, lending, and any other business venture possible that involves a residence. This is the first in a series of blog articles identifying some of the more common loans the bank likes to make to its customers.
People who own rental property usually own several of them. They’ve learned how to be a good landlord and how to do it right. More importantly they’ve learned what not to do! Typically investors finance their first purchases through mortgage companies. However, at some point Fannie Mae underwriting requirements start making that very difficult. Texas Republic Bank picks up where the mortgage market cuts off and has financed investor customers who own literally hundreds of rental residences.
So whether your goal is six or sixty rental properties the bank is ready to help you accomplish that goal. The process starts with an informal application and discussion with a bank loan officer about what you want to do. Bank Vice President Ron Corcoran can quickly tell you what information will be needed to make a decision on your financing request. Interest rates vary with the situation but are very competitive for the rental property financing market. The time from application to closing can be incredibly short if necessary. Ron is aware that sometimes the best deals come with a short fuse!
The most important thing to remember is that rental property financing is a targeted type of loan at Texas Republic Bank. Other banks may see it as a nuisance and unintentionally, or intentionally, make the approval process difficult. Not the case here! So contact Ron Corcoran at 214-619-3915 or email him at Ron.Corcoran@texasrepublicbank.com. He’ll help you make progress on that goal—that’s banking like it oughta be!