ATTENTION: For Those who are serious about Getting Pre-Qualified FAST!
Bill Rapp, Mortgage Originator: NMLS 228246
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HERE'S WHAT MY CLIENTS SAY:
What People Are Saying:
Excellent Service
Bill is an exceptional loan officer. He helped us to purchase our home with very personal and professional service. He helped us navigate the whole process from start to closing without any problems. We didn't think we're qualified to purchase a house, but Bill went above and beyond to find a way to help us achieve our goal. He always responded very quickly with our requests, he would come back with different options with comparison chart to clearly indicate how much we need for down payment, monthly payments, interest rates, closing costs etc.
We would highly recommend Bill to anyone in need of lending services. In fact, we have already recommended Bill to one of our friends on purchasing a house.
--- David Chan - Houston, TX
Bank Statement Lending!
William Rapp of Network Funding, L. P. was very professional and I felt comfortable in dealing with him. I will definitely recommend him to family and friends.
--- Ian F - Missouri City, TX
Professionalism - Expert In Home Style Loan
Bill is an expert in the topic, his explanations and online material make a difference and he is always there from the beginning to the end. He is committed to make thing happen.
--- Felipe Caldern & Carolina Angel Gutierrez
Great Service!
Bill Rapp's handling of our loan (even though out of state) was unparalleled to any service I have been through prior, including 3 different real estate transactions and multiple refinances. Extremely quick close, with great options and flexibility for my families needs. All around A+
--- Chris & Beth Sheehan - San Jose, CA
Knowledgeable and Responsive!
Bill was a pleasure to work with and he made the loan process fairly easy. He answered all questions I had very quickly and was straight forward in doing it. I would recommend Bill to others.
--- Wes Brady - Richmond, TX
Very professional and always returned our calls!
Bill takes a lot of pride in his job and is very dependable. They were very patient and understanding. He went out of his way and explained all my questions and concerns. They were very professional and returned my phone calls and emails. He did a great job and I fully recommend him.
--- Therese, Malcom & Shirley Teixeira - Katy, TX
Great Job!
Bill helped us out from beginning to end of loan process. The loan closed in a timely manner as Bill worked hard with bank to get our to the final steps.
--- Kamal & Theresa Wilson - Hartford, CT
Avid Problem-Solver and Absolute Pleasure to Work With!
Bill Rapp worked very hard to ensure that we closed our loan and were able to move into our new home. He always had alternatives to any problems we encountered while closing. He worked with us from the beginning identifying solutions to any problems that we were having. He was an absolute pleasure to work with!
--- Nikita Rayani & Sanit Tejani - Houston, TX
Awesome to work with!
Being a first-time buyer I came in with lots of questions and concerns. Bill was always available for any questions I had and answered everything to my satisfaction. Bill made the loan process so painless that I could still concentrate on other things. We ended up closing early which made things even better. If you are in need of a lender and want someone who is very approachable and stays on top of your loan then Bill is your guy.
--- Cesar Raya - Richmond, TX
Loan Declined by my bank, and he saved the day!
Bill, did an amazing job helping me close on my house. He took the reigns and reassured me the best route to take to help close. He was accountable, thorough and trustworthy. I will continue to work with Network Funding, L.P. when it comes to home buying in the future because of the quality of service Bill gave.
--- Jacob Smith - Boerne, TX
Bill Rapp Will Definitely Make It Happen!
Bill is the most kind, patient and helpful person I have ever known. He answers his phone calls and emails promptly. You can ask him a million questions, and he will answer each and every one of them. Before I started working with Bill, I had been turned down for a home loan, because of some past credit issues I had, plus I was a single mother. However, once I started working with Bill, he was able to quickly get me a home loan, with a good interest rate. I would recommend that you call him, as he will help you.
--- Corinne Wilson - Roselle, NJ
Knowledgeable, Honest, Trustworthy, and Reliable!
"I will definitely keep you in mind. If anyone I know needs financing, I will send them your way!"
--- Jon & Andrea Saleem, CRPC Financial Advisor - Houston, TX
Best Dam Mortgage Guy a man could know!
"Hands down the best loan experience to date!"
--- Gabe & Chelsea Jackson - Pearland, TX
Phenomenal, Hard Working and Never Quits!
Had a stupid foreclosure that could have been avoided if ex’s attny would have sent my buy out offer. So Bill was able to push this through with a 4 year foreclosure. He worked his butt off, was very diligent with his communication; and was very professional talking to me even when I was screaming and/or crying at him. Highly recommend this lender. He really go to the ends of the earth to help you!
--- Liz Keeter - Harlingen, TX
Exceptional customer service!
Bill is the most kind, patient and helpful person I have ever known. He answers his phone calls and emails promptly. You can ask him a million questions, and he will answer each and every one of them. Before I started working with Bill, I had been turned down for a home loan, because of some past credit issues I had, plus I was a single mother. However, once I started working with Bill, he was able to quickly get me a home loan, with a good interest rate. I would recommend that you call him, as he will help you.
--- Isha Lopez & Mauricio Garcia - Houston, TX
Service with a capitol S
Bill went above and beyond at every turn. He worked late on Saturday, he worked late all the time. We wanted to close ASAP and he really helped make it happen for us.
--- Jeff & Wendy Heger - Houston, TX
Best Buying Experience!
I would would highly recommend going with Network Funding LP. As a first time home buyer I didn't know what to expect. Bill Rapp was very helpful in answering all my questions and guided me through all ghe steps. I couldn't have asked for a better buying experience!
--- Tabitha Turner - Humble, TX
Would recommend him and use him again!
Very involved and professional . Kept me informed and up to date on everything that was going on Went with me closing and was very helpful and knowledgeable.
--- Kathy Ward - Houston, TX
Great experience!
Well I meet bill back in December 2016 he got recommended by my real estate agent we had a house in sight and started the process to get approved but we fail due to my work history and credit bill told me not to give up and put me in contact with a credit repair company they help me bring my score up and bill walk me thru the process of getting a new line so this time around we got approved before looking for our house after we found it we still had a couple of hick up but with bills help on Sunday 6-18-17 to be exact Father's Day bill called me to give me the great news that we had got approved and the closing date was as scheduled bill was more than just a lender to my family he became a friend and I'm alway going to have him in mind for any other financial situation.
--- Alejandres Felimon - Richmond, TX
I really liked his attitude!
I wouldn't usually say this but the way he had handled my mortgage was really pleasant. I personally enjoyed the time spent with him while we discussed feasible rates. He's a great man with a great personality and he offered really low interests as well. Definitely recommend him to others.
--- Tom Troiano - Atlantic City, NJ
He's nothing short of a miracle!
I'm a self-employed businessman and had him figure out the mortgage of the house after 30% down payment. The interest rates I received were incredibly low given what I had thought of earlier. One other important thing to note was that I hadn't really taken any loans earlier, so I had no credit history. He helped me out with all that as well so I can't really call him anything else but a miracle.
--- Fran Suarez - Cleveland, OH
He's really helpful!
I made a bid to him and the very same day he gave me an offer which I couldn't resist. It was too intimidating with those incredibly low interest rates and all, thoroughly recommend him.
--- Kenny Mickle - Houston, TX
Expeditious!
Bill was very expeditious and made it real easy going through the loan process. I felt he was on top of things.
I deal with investment properties and will more than likely call on him again.
--- Wayne King - Pensacola, FL
Bill was great!
Bill made us feel like a friend all the way thru the process. He was patient and explained everything he needed clearly. He was available ANYTIME we had questions or needed more information. Hopefully we won’t go thru this process again anytime soon, but if we do - we’d choose Bill! =)
--- Barbra & Nick Grimmer - Austin, TX
Great broker!
Bill was a great broker to work with. As first time home buyers we had many questions about the process, Bill took the time to help us even calling us back on weekends with answers. I would not hesitate to recommend him to anyone looking for a broker to work with.
--- Murray & Lisa Turner - Pensacola, FL
Outstanding service!
I couldn't have been more pleased with Bill's level of service. He made what is typically a lengthy, arduous process far quicker and easier at every turn. I'm extremely comfortable recommending Bill to friends and family, and will definitely utilize his services again!
--- Jim Lipari - Austin, TX
FHA 203 H Loan Product
The Section 203(h) program allows the Federal Housing Administration (FHA) to insure mortgages made by qualified lenders to victims of a major disaster who have lost their homes and are in the process of rebuilding or buying another home.
Purpose:
Through Section 203(h), the Federal Government helps victims in Presidentially designated disaster areas recover by making it easier for them to get mortgages and become homeowners or re-establish themselves as homeowners.
Type of Assistance:
This program provides mortgage insurance to protect lenders against the risk of default on mortgages to qualified disaster victims. Individuals are eligible for this program if their homes are located in an area that was designated by the President as a disaster area and if their homes were destroyed or damaged to such an extent that reconstruction or replacement is necessary. Insured mortgages may be used to finance the purchase or reconstruction of a one-family home that will be the principal residence of the homeowner. Like the basic FHA mortgage insurance program it resembles (Section 203(b) Mortgage Insurance for One to Four Family Homes), Section 203(h) offers features that make recovery from a disaster easier for homeowners:
No down payment is required. The borrower is eligible for 100 percent financing. Closing costs and prepaid expenses must be paid by the borrower in cash or paid through premium pricing or by the seller, subject to a 6 percent limitation on seller concessions.
FHA mortgage insurance is not free. Mortgagees collect from the borrowers an up-front insurance premium (which may be financed) at the time of purchase, as well as monthly premiums that are not financed, but instead are added to the regular mortgage payment.
HUD sets limits on the amount that may be insured. To make sure that its programs serve low and moderate income people, FHA sets limits on the dollar value of the mortgage. The current FHA mortgage limit can be viewed online. These figures vary over time and by place, depending on the cost of living and other factors (higher limits also exist for two to four family properties).
Eligible Customers:
Anyone whose home has been destroyed or severely damaged in a Presidentially declared disaster area is eligible to apply for mortgage insurance under this program.
Application:
The borrower's application for mortgage insurance must be submitted to the lender within one year of the President's declaration of the disaster. Applications are made through an FHA approved lending institution, who make their requests through a provision known as "Direct Endorsement," which authorizes them to consider applications without submitting paperwork to HUD. Mortgage insurance processing and administration for this and other FHA single family mortgage insurance products are handled through HUD's Homeownership Centers.
My best advice to you is to call Bill Rapp, the Mortgage Viking, to discuss your options today 281-222-0433.
🏢 CMBS Loans Explained: When Securitized Debt Is the Smart Choice for Commercial Real Estate 🚀
🏢 CMBS Loans Explained: When Securitized Debt Is the Smart Choice for Commercial Real Estate 🚀
💰 CMBS Loans vs. Bank Loans: When Commercial Mortgage-Backed Securities Win 📈
CMBS Loans: When Securitized Debt Makes Sense for Commercial Real Estate
Commercial real estate financing isn't one-size-fits-all. While traditional banks remain an excellent financing source for many investors, Commercial Mortgage-Backed Securities (CMBS) loans often provide unique advantages for larger, stabilized commercial properties.
If you're purchasing, refinancing, or recapitalizing an income-producing property, understanding when a CMBS loan fits can help you secure better financing while maximizing your investment returns.
At Medallion Funds, we help investors evaluate CMBS financing alongside agency, bank, bridge, life company, and private lending solutions to identify the best capital stack for every transaction.
What Is a CMBS Loan?
A CMBS loan is a commercial mortgage that is pooled together with hundreds of other commercial loans and sold to institutional investors as mortgage-backed securities.
Unlike traditional portfolio lenders that keep loans on their balance sheets, CMBS lenders originate loans specifically for securitization.
This structure often allows borrowers to receive:
·Competitive fixed interest rates
·Longer loan terms
·Higher leverage on qualified assets
·Non-recourse financing
·Attractive debt for stabilized properties
When Does a CMBS Loan Make Sense?
CMBS financing works best when a property has:
Stable Cash Flow
Properties should generally have consistent occupancy and operating history.
Examples include:
·Multifamily
·Office
·Retail centers
·Industrial properties
·Self-storage
·Medical office
·Hospitality (select situations)
Larger Loan Amounts
CMBS lenders typically focus on:
·$2 million+
·$5 million+
·Institutional-quality transactions
The larger the loan, the more competitive CMBS financing often becomes.
Long-Term Ownership
Most CMBS loans include:
·5-, 7-, or 10-year fixed rates
·25-30 year amortization
·Balloon maturity
These loans work well for investors planning long-term ownership rather than quick sales.
Borrowers Seeking Fixed Rates
When interest rate certainty is important, CMBS financing offers predictable debt service that helps investors manage long-term cash flow.
Benefits of CMBS Financing
Lower Interest Rates
Because loans are sold into capital markets, pricing is often highly competitive.
Non-Recourse Financing
Many CMBS loans are non-recourse, meaning borrowers generally are not personally liable beyond standard carve-outs for fraud or bad acts.
This protects personal assets while allowing investors to scale portfolios.
Longer Loan Terms
CMBS loans commonly offer:
·30-year amortization
·10-year fixed rates
·Stable monthly payments
Higher Loan Amounts
Institutional lenders are comfortable financing much larger commercial assets than many regional banks.
National Lending Programs
CMBS lenders finance properties across the country, making them attractive for investors with multi-state portfolios.
Potential Drawbacks
CMBS loans are not perfect for every borrower.
Potential disadvantages include:
Defeasance or Yield Maintenance
Prepaying a CMBS loan before maturity can be expensive.
Investors planning to sell within a few years should carefully evaluate exit costs.
Less Flexibility
Because loans are securitized:
·Loan servicing changes after closing.
·Modifications can be more difficult.
·Extensions require additional approvals.
More Documentation
Borrowers should expect:
·Third-party reports
·Property inspections
·Environmental reviews
·Engineering reports
·Extensive underwriting
Who Should Consider CMBS Financing?
CMBS financing is ideal for:
·Commercial real estate investors
·Apartment owners
·Office investors
·Retail shopping center owners
·Industrial investors
·Self-storage developers
·Medical office investors
·Portfolio owners
·Commercial refinancing
·Acquisition financing
CMBS vs Traditional Bank Loans
CMBS Loans
Traditional Bank Loans
Competitive fixed rates
Variable or shorter fixed periods
Non-recourse options
Usually full recourse
Large loan amounts
Often smaller lending limits
Longer amortization
More flexible relationship lending
Institutional execution
Local banking relationship
Is CMBS Financing Right for You?
If your property is stabilized, produces strong cash flow, and you're seeking long-term, fixed-rate financing, CMBS may provide one of the most competitive financing options available.
However, if flexibility, future refinancing, or a near-term sale is anticipated, a conventional bank loan, agency loan, life company loan, or bridge loan may be a better fit.
Every commercial property is different, which is why choosing the right lending strategy matters.
At Medallion Funds, we work with hundreds of lending sources to help investors identify the financing solution that best aligns with their investment goals—not simply the first loan available.
Whether you're acquiring your next investment property, refinancing an existing asset, or expanding your portfolio, our team can help you evaluate CMBS financing alongside every major commercial lending option.
Ready to explore your financing options? Contact Medallion Funds today to discuss your commercial real estate financing strategy.
Bill Rapp
Partner & Capital Advisor | Medallion Funds
Commercial Lending Nationwide
Residential Lending in AL, CA, CO, NV & TX
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