Dallas August 2023 Key Take Aways!
Kimber Davison, VP & Managing Shareholder at Griffith Davison
Kimber Davison shared that the Griffith Davison office in Fort Worth will begin hosting REAL Meetings next month, September 21st. She encouraged everyone to either attend or to share the information with any colleagues who may be interested. There will also be a Zoom option for anyone who can’t make the meeting in person.
There is also a Griffith Davison office in Austin and they have REAL meetings, so if anyone has connections in Austin, please share the information.
They are moving the Dallas Griffith Davison office to the 12th floor in their current building and that will take place early 2024.
Larry Luby & Stephen Scott w/ The Finance Person, who specializes in assisting developers/borrowers and raising equity capital.
Their specialty is to represent borrowers for a special kind of real estate development called “Build to Suit” which basically means the following: a commercial building or space specifically constructed to the client’s needs and this process focuses on one end user.
They offer 100% Loan to Cost “LTC” Loan (or LTC ratio, is used in commercial real estate financing to determine the ratio of debt relative to the cost of developing the property. It relates to the total cost of the project as a whole, including land acquisition.
In the past few weeks, they had two closings, one which was a seven-acre site in Fort Worth on an Interstate Highway to a well-known restaurant chain with the sales price over $6 million. They also closed on a $22-million loan for the development of an Alley Cats Family Entertainment Center in Burleson, Texas.
Paul Loubao, Founder of PCL Housing Commerce, was born in Paris, France and immigrated to the United States in 2016. He is an experienced Real Estate Investor and Business Advisor, Entrepreneur, Internal Controller, and Financial Advisor. His work primarily focuses on Econometrics, Statistics, Mathematical Economics, Investments, and Finance.
PCL Housing Commerce is a company that has been helping buyers with their home buying, renovating, and selling needs for years. Our Profit and Value Methodology is designed to minimize costs and maximize profits at every stage of the process – from finding the right home to making the most of your return on investment. With our experienced team by your side, you can be confident that you’re getting the best possible advice and guidance every step of the way. Contact us today to learn more about how we can help you make the most of your real estate investments.
The PCL Housing Commerce Profit and Value Method is a streamlined process for finding a property, determining the cost of unlocking value through rehabilitation, and guaranteeing a high level of profit to our exclusive list of investors prior to selling.
Paul can help you find new real estate opportunities and/or property investing in real estate in the Dallas area.
Sue Turk, recently joined EXP Realty, and has been very busy with both residential and commercial real estate projects and clients.
She has several years of experience in the banking/lending industry, formerly as a Branch Manager/Loan Officer for Network Funding where she originated and processed residential and commercial mortgages.
She made the switch over to the title industry in 2012 where she worked closely with the founder/CEO of Boston National Title to open up our Texas office, until they were sold in June 2023.
Dean Lontos, Founder and Managing Partner of Bay Mountain Capital, has over 40 years of experience in the areas of real estate finance, acquisition, development and operations.
Bay Mountain Capital is a private lender that provides asset-based debt financing for rehab, construction and bridge loan purposes secured by real estate of all types. They offer commercial and residential loans and have been securing investments for more than 2,500 properties. As direct private lenders with experts in all facets of real estate, they use common sense and a streamlined approach to both commercial and residential investment opportunities.
He is also a co-founder and partner of Kalterra Capital Partners, a ground up developer of multifamily and mixed-use properties in Texas. Previously, he co-founded and grew TriVest Residential to 5,000 apartment units and prior to that, he oversaw the asset management and transaction activities of a national syndicator of multifamily and commercial properties.
James Smith, Managing Director at Smith, Jackson, Boyer & Bovard “SJBB”, a Dallas based, full-service CPA firm. In Jim’s 47 years of professional experience, he has performed audit engagements in real estate development and construction, investment partnerships, manufacturing, utilities, retail, transportation, and health care. He has worked with companies ranging in size from large, multinational corporations to small, closely held businesses. He has also been engaged extensively in tax and financial planning consultations for closely held businesses and their owners; tax compliance and tax controversy representation.
SJBB is a full-service firm that includes financial professionals encompassing a wide range of the requisite skills and breadth of experience to fully serve the financial and planning needs of today’s dynamic business enterprises and individuals. They provide tax, audit, accounting, and advisory services.
Their client service experience covers a breadth of industries and practice areas including: professional service, health care, retailing, distribution, manufacturing, construction contractors, government contractors, industrial supply, real estate development and management, oil and gas, technology, private equity investments, not-for-profit entities, high net worth individuals, family offices and trusts, private foundations, and employee benefit plans.
John Nagle w/ CMG Home Loans, just recently moved back to the DFW area and has recently joined CMG Home Loans as a Loan Officer. John has many years of experience in all variations of the mortgage and real estate business and moved back to the DFW area because “there is always great business potential and it’s a great market!”.
CMG Home Loans delivers the personal service of a local lender, leveraging the resources of a national brand. Currently operating in all 50 states and the District of Columbia, CMG Home Loans branches have earned over 1200 Zillow reviews praising reliable preapprovals, ease of transaction, on-time closings, and transparency and communication throughout the mortgage process.
Throughout the mortgage industry, CMG Home Loans is known for its innovation of product and continued investment in technology. From HomeFundIt, the down payment crowdfunding platform to the All In One Loan, the smarter way to borrow, CMG develops mortgage solutions that serve the needs of every borrower.
CMG Home Loans holds federal agency lending approvals with HUD, VA, RHS, GNMA, FNMA and FHLMC. CMG loan officers specialize in all new purchase and refinance mortgage needs and act as financial counselors to help borrowers make informed decisions.
Erika Saracho is a Research Specialist for the Frisco Economic Development Corp. or “EDC”. She leads policy initiatives, research strategy, and platforms infrastructure. Prior to joining Frisco, she worked in various Economic Development teams in the North Texas area.
She has an extensive background in research and business development with a proven track record of using data and analysis to accomplish company objectives while curating relationships with communities and businesses.
Creating jobs is their main focus, but it is also their mission to improve the economic opportunities and quality of life for all residents and businesses in Frisco.
At EDC, their goal is to expand and diversify the local tax base, create quality job opportunities, encourage growth and development, and make Frisco a desirable place to build a life and a business.
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