Your Trusted Houston Commercial Real Estate Brokerage

Viking Enterprise LLC is part of eXp Commercial, an agent-led, cloud-based commercial real estate brokerage with agents across the globe.

Your Trusted Katy / Fulshear & Houston Commercial Real Estate Brokerage

Viking Enterprise LLC is part of eXp Commercial, an agent-led, cloud-based commercial real estate brokerage with agents across the globe.

Looking to invest, buy, sell or lease? We can help.

Looking to invest, buy, sell or lease? We can help.

OUR FEATURED TENANTS & CLIENTS

eXp Commercial - Viking Enterprise Team's real estate network provides unparalleled commercial real estate services to Tenants and Landlords around the Katy- Houston area. Our knowledge, experience, and reputation sets us apart from many firms.


A commercial property owner might have various plans that would necessitate the services of a commercial real estate broker. Some of the common scenarios include:

1. Selling the Property: If the owner decides it’s time to sell the property, a commercial real estate broker can help determine the market value, market the property effectively, and negotiate with potential buyers to get the best possible price.

2. Leasing Space: For property owners looking to lease out part or all of their commercial space, a broker can help find suitable tenants, negotiate lease terms, and ensure the lease agreements meet all legal requirements and serve the owner’s best interests.

3. Acquiring More Properties: Owners looking to expand their portfolio would benefit from a broker's knowledge of the market, access to listings, and negotiation skills to secure additional properties at favorable terms.

4. Property Management: While not all brokers offer this service, some commercial real estate brokers or their affiliates offer property management services. This can be particularly appealing for owners who prefer a hands-off approach or are managing properties from a distance.

5. Market Analysis: Owners considering future developments, renovations, or rebranding of their property might engage a broker for a comprehensive market analysis. This helps in understanding current market trends, the demand for different types of spaces, and potential returns on investment for various strategies.

6. Refinancing: In situations where a property owner is looking to refinance their property, a commercial real estate broker can provide valuable insights into the property’s current market value, assist in gathering necessary documentation, and even help in finding the best financing options.

7. Partnership or Investment Opportunities: Owners interested in exploring partnerships, joint ventures, or seeking investors for expansion or development projects might use a broker to find and vet potential partners or investors.

8. Consulting on Zoning and Use Changes: When contemplating a change in the use of the property or dealing with zoning issues, a broker with experience in local regulations and the specific property type can provide guidance and strategic planning assistance.

9. Exit Strategy Planning: For owners looking to plan an exit strategy from their investment, whether it’s through a strategic sale or a gradual winding down of operations, brokers can provide market insights, timing advice, and valuation services to optimize the exit process.

In any of these scenarios, the expertise and services provided by a commercial real estate broker can save the property owner time and money, while also providing access to a wider network of potential buyers, tenants, and industry professionals. Give us a call today!

Reviews

New Blog Post

September 11, 20252 min read

🏗️ How We Financed a Build-to-Rent Development | CRE Investment Insights 💰

💡 Build-to-Rent Financing Made Simple: Real Deal Case Study 🏘️


🏗️ How We Financed a Build-to-Rent Development

Build-to-Rent (BTR) communities are transforming the housing market, especially in fast-growing regions like Katy, Fulshear, and West Houston. With affordability challenges keeping many out of homeownership, BTR offers renters the feel of a single-family neighborhood while giving developers and investors strong, recurring cash flow.

Recently, we helped finance a Build-to-Rent project designed to meet this exact demand—and the process revealed important strategies for both developers and investors.


🔑 Why Build-to-Rent Is in Demand

·         Demographic Shifts: Millennials and Gen Z renters want space, but many aren’t ready to buy.

·         Investor Appeal: BTR assets provide stable occupancy and long-term rent growth.

·         Community Living: These neighborhoods attract families seeking yards, garages, and amenities without mortgage commitments.


💵 Financing a Build-to-Rent Development

Unlike traditional multifamily or single-family subdivisions, financing a BTR project requires creative structuring:

1.      Land Acquisition Loan – First, we secured financing for the land purchase using a short-term commercial loan structured for development.

2.      Construction Loan – We worked with a lender specializing in residential income communities. The loan covered infrastructure, vertical construction, and initial lease-up.

3.      Permanent Take-Out Financing – To lock in long-term stability, we structured a permanent loan with favorable DSCR terms once stabilization is reached.

This layered approach ensured the developer could break ground quickly while lining up refinancing options to reduce risk.


📈 Investor Advantages

For commercial real estate investors, Build-to-Rent financing delivers multiple benefits:

·         Predictable Cash Flow: Similar to multifamily but with premium rents.

·         Exit Flexibility: Option to sell as a full community or parcel off individual units.

·         High Demand: Institutional funds are aggressively pursuing stabilized BTR portfolios.


Lessons Learned

·         Early lender conversations are critical: Many lenders are still learning the nuances of BTR.

·         Strong pro forma is non-negotiable: Investors and banks want detailed lease-up and rent assumptions.

·         Exit strategy matters: Whether refinancing, holding, or selling, the plan must be clear from day one.


The Bottom Line

Build-to-Rent is one of the fastest-growing CRE trends in Texas. With the right financing strategy, developers can scale projects while investors tap into a strong-performing asset class.

If you’re a developer, investor, or landowner considering Build-to-Rent, now is the time to explore financing solutions tailored to this emerging sector.


https://www.houstonrealestatebrokerage.com/

https://www.houstonrealestatebrokerage.com/houston-cre-navigator

https://www.commercialexchange.com/agent/653bf5593e3a3e1dcec275a6

http://expressoffers.com/[email protected]

https://app.bullpenre.com/profile/1742476177701x437444415125976000

https://author.billrapponline.com/

https://www.amazon.com/dp/B0F32Z5BH2

https://veed.cello.so/FOmzTty6oi9


© 2023-2024 Bill Rapp, Broker Associate, eXp Commercial Viking Enterprise Team


Build-to-rent financingbuild-to-rent developmentcommercial real estate investorsTexas Build-To-Rent projectsmultifamily investment strategiesBTR construction loans
blog author image

Bill Rapp, CRE Broker

I am a Houston commercial broker, with residential experience, as well as a lending background. I have been in the real estate industry for 14 years and counting, and I have worked in many roles within the industry and each has given me a unique perspective of the industry as a whole. My dedication to clients is rooted in this industry knowledge, but also includes my desire to go the extra mile in networking to source off market opportunities for my clients. Me and my team at eXp Commercial have a cutting-edge technology package that gets the widest exposure for each transaction. eXp Commercial offers a nationwide network through which we can deliver the best exposure and professional advice to achieve our clients’ goals while also minimizing their risk. Clients appreciate my methodical method of discovery in our initial consultation. Through which we can get to know each other and their specific’s business’s needs and objectives on a granular level. Our processes help navigate each transaction and its potential pitfalls through to a successful outcome for our clients. It is my stated goal to provide our clients with extensive market analysis and expertise that fosters innovative solutions and rewarding commercial real estate opportunities.

Back to Blog

eXp Commercial - Viking Enterprise team real estate network provides unparalleled commercial real estate services to Tenants and Landlords around the greater Katy & Houston MSA area. Our knowledge, experience, and reputation sets us apart from many firms.

A commercial property owner might have various plans that would necessitate the services of a commercial real estate broker. Some of the common scenarios include:

1. Selling the Property: If the owner decides it’s time to sell the property, a commercial real estate broker can help determine the market value, market the property effectively, and negotiate with potential buyers to get the best possible price.

2. Leasing Space: For property owners looking to lease out part or all of their commercial space, a broker can help find suitable tenants, negotiate lease terms, and ensure the lease agreements meet all legal requirements and serve the owner’s best interests.

3. Acquiring More Properties: Owners looking to expand their portfolio would benefit from a broker's knowledge of the market, access to listings, and negotiation skills to secure additional properties at favorable terms.

4. Property Management: While not all brokers offer this service, some commercial real estate brokers or their affiliates offer property management services. This can be particularly appealing for owners who prefer a hands-off approach or are managing properties from a distance.

5. Market Analysis: Owners considering future developments, renovations, or rebranding of their property might engage a broker for a comprehensive market analysis. This helps in understanding current market trends, the demand for different types of spaces, and potential returns on investment for various strategies.

6. Refinancing: In situations where a property owner is looking to refinance their property, a commercial real estate broker can provide valuable insights into the property’s current market value, assist in gathering necessary documentation, and even help in finding the best financing options.

7. Partnership or Investment Opportunities: Owners interested in exploring partnerships, joint ventures, or seeking investors for expansion or development projects might use a broker to find and vet potential partners or investors.

8. Consulting on Zoning and Use Changes: When contemplating a change in the use of the property or dealing with zoning issues, a broker with experience in local regulations and the specific property type can provide guidance and strategic planning assistance.

9. Exit Strategy Planning: For owners looking to plan an exit strategy from their investment, whether it’s through a strategic sale or a gradual winding down of operations, brokers can provide market insights, timing advice, and valuation services to optimize the exit process.

In any of these scenarios, the expertise and services provided by a commercial real estate broker can save the property owner time and money, while also providing access to a wider network of potential buyers, tenants, and industry professionals. Give us a call today!

Find the perfect location for your business.

Let us help your business succeed.

New Blog Post

September 11, 20252 min read

🏗️ How We Financed a Build-to-Rent Development | CRE Investment Insights 💰

💡 Build-to-Rent Financing Made Simple: Real Deal Case Study 🏘️


🏗️ How We Financed a Build-to-Rent Development

Build-to-Rent (BTR) communities are transforming the housing market, especially in fast-growing regions like Katy, Fulshear, and West Houston. With affordability challenges keeping many out of homeownership, BTR offers renters the feel of a single-family neighborhood while giving developers and investors strong, recurring cash flow.

Recently, we helped finance a Build-to-Rent project designed to meet this exact demand—and the process revealed important strategies for both developers and investors.


🔑 Why Build-to-Rent Is in Demand

·         Demographic Shifts: Millennials and Gen Z renters want space, but many aren’t ready to buy.

·         Investor Appeal: BTR assets provide stable occupancy and long-term rent growth.

·         Community Living: These neighborhoods attract families seeking yards, garages, and amenities without mortgage commitments.


💵 Financing a Build-to-Rent Development

Unlike traditional multifamily or single-family subdivisions, financing a BTR project requires creative structuring:

1.      Land Acquisition Loan – First, we secured financing for the land purchase using a short-term commercial loan structured for development.

2.      Construction Loan – We worked with a lender specializing in residential income communities. The loan covered infrastructure, vertical construction, and initial lease-up.

3.      Permanent Take-Out Financing – To lock in long-term stability, we structured a permanent loan with favorable DSCR terms once stabilization is reached.

This layered approach ensured the developer could break ground quickly while lining up refinancing options to reduce risk.


📈 Investor Advantages

For commercial real estate investors, Build-to-Rent financing delivers multiple benefits:

·         Predictable Cash Flow: Similar to multifamily but with premium rents.

·         Exit Flexibility: Option to sell as a full community or parcel off individual units.

·         High Demand: Institutional funds are aggressively pursuing stabilized BTR portfolios.


Lessons Learned

·         Early lender conversations are critical: Many lenders are still learning the nuances of BTR.

·         Strong pro forma is non-negotiable: Investors and banks want detailed lease-up and rent assumptions.

·         Exit strategy matters: Whether refinancing, holding, or selling, the plan must be clear from day one.


The Bottom Line

Build-to-Rent is one of the fastest-growing CRE trends in Texas. With the right financing strategy, developers can scale projects while investors tap into a strong-performing asset class.

If you’re a developer, investor, or landowner considering Build-to-Rent, now is the time to explore financing solutions tailored to this emerging sector.


https://www.houstonrealestatebrokerage.com/

https://www.houstonrealestatebrokerage.com/houston-cre-navigator

https://www.commercialexchange.com/agent/653bf5593e3a3e1dcec275a6

http://expressoffers.com/[email protected]

https://app.bullpenre.com/profile/1742476177701x437444415125976000

https://author.billrapponline.com/

https://www.amazon.com/dp/B0F32Z5BH2

https://veed.cello.so/FOmzTty6oi9


© 2023-2024 Bill Rapp, Broker Associate, eXp Commercial Viking Enterprise Team


Build-to-rent financingbuild-to-rent developmentcommercial real estate investorsTexas Build-To-Rent projectsmultifamily investment strategiesBTR construction loans
blog author image

Bill Rapp, CRE Broker

I am a Houston commercial broker, with residential experience, as well as a lending background. I have been in the real estate industry for 14 years and counting, and I have worked in many roles within the industry and each has given me a unique perspective of the industry as a whole. My dedication to clients is rooted in this industry knowledge, but also includes my desire to go the extra mile in networking to source off market opportunities for my clients. Me and my team at eXp Commercial have a cutting-edge technology package that gets the widest exposure for each transaction. eXp Commercial offers a nationwide network through which we can deliver the best exposure and professional advice to achieve our clients’ goals while also minimizing their risk. Clients appreciate my methodical method of discovery in our initial consultation. Through which we can get to know each other and their specific’s business’s needs and objectives on a granular level. Our processes help navigate each transaction and its potential pitfalls through to a successful outcome for our clients. It is my stated goal to provide our clients with extensive market analysis and expertise that fosters innovative solutions and rewarding commercial real estate opportunities.

Back to Blog

Find the perfect location for your business.

Let us help your business succeed.

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27815 Astoria Brook Ln

Katy, TX 77494 USA


9600 Great Hills Trail, Suite 150w Austin, TX 78759 |
855.450.0324 xx255

Texas Real Estate Commission Consumer Protection Notice Texas Real Estate Commission

Information About Brokerage Services eXp Commercial LLC #9010212

Viking Enterprise LLC #9009614

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Contact Us

27815 Astoria Brook Ln

Katy, TX 77494 USA

901 S Mopac Expwy, Bldg 2, Suite 350 Austin, TX 78746 | 512.474.5557Texas Real Estate Commission

Consumer Protection Notice Texas Real Estate Commission Information About Brokerage Services Reliance Retail, LLC #603091

Texas RS, LLC #9003193 | RESOLUT RE Is Licensed In Louisiana #0995694083