Learn To Be A Fix and Flip Investor: September 2017

Saturday, September 30, 2017

How to Plan For an Easy Commercial Mortgage Texas Loan Process

Following these “ABC’s of commercial mortgage Texas loan application, you can make sure you are eligible for the best loan for your company’s needs and get it in a timely manner.

Before you get too far into the process on your own, finding the right lender for you and your business needs is “step number one.” Meet with several banks and lenders, considering it an “interview” for who you want to have your loan go through. You should have good communication with the lender you choose and feel that they are the best person to get you the right commercial mortgage Texas for your business.

Take some time to research lending institutions online and collect all the information you need to make an education decision. Look at which lenders provide the loans you are looking for, and in a price range that is similar to the loan amount you need and budget you are working within. A lender that has experience with your type of business is another thing to look for. You can even talk to a broker to see if they have a recommendation on the right lender for you.

When you have chosen a lender, it’s time to start the application process for your commercial mortgage Texas loan! This can be an exciting but sometimes frustrating part of the process. You may have to pay an application fee, and that often depends on which lender you have chosen to work with. Most require that you submit proper financial statements to help with the loan application including business and personal records, business operating statements, tax returns, bank statements and more. Your lender can supply you with a complete list of documentation you will be required to produce.

When you submit your documentation, the evaluation begins.

The lender will evaluate your financial information, and calculate your ability to repay the commercial mortgage Texas loan you are applying for. You will also undergo a background check and credit report check at this time. Finally, the lender will arrange a property evaluation or appraisal for the property you are looking to obtain the loan for. This includes determining the condition of the property (even down to an environmental inspection to ensure the soil is not contaminated and there is no health risk or danger associated with the property). When all the required inspections have been completed and approved, further evaluation will take place to determine loan approval.

You’ve been approved for the loan! Congratulations… but there’s more.

After your loan approval, you will need to complete more paperwork, and now is the time to consult a lawyer who specializes in loon documentation to ensure all the documentation is fair and legal. They can help ensure you understand all the terms, and they can request any changes be made prior to your final signature. Once terms have been finalized and agreed upon, signing the contacts at the closing and making the down payment will complete the process, upon which funding is typically available within a few days.

About the Author: Dennis has been working in the real estate industry in some capacity for the last 40 years. He purchased his first property when he was just 18 years old. He quickly learned about the amazing investment opportunities provided by trust deed investing and hard money loans. His desire to help others make money in real estate investing led him to specialize in alternative funding for real estate investors who may have trouble getting a traditional bank loan. Dennis is passionate about alternative funding sources and sharing his knowledge with others to help make their dreams come true. Dennis has been married to his wonderful wife for 42 years. They have 2 beautiful daughters 5 amazing grandchildren. Dennis has been an Arizona resident for the past 40 years.

Technorati Tags: commercial loans,commercial lending,commercial mortgage

What You Need to Know about Repayment Terms of Commercial Loans Texas

There are many details and “fine print” to understand how to pay back your commercial loans in Texas. Here we break down what you need to make sure you can repay your lender.

First, it’s important to have realistic expectations about obtaining and repaying a loan. Terms are much different than they are with say a home mortgage, so it’s important not to compare the two — they are totally unique to one another. Residential loans can often have a repayment schedule of up to 30 years, while commercial loans Texas are broken down into tow major categories depending on the length of the repayment terms and schedule.

An intermediate term loan is a shorter-term loan that is three years or less. These loans can be more difficult to repay a large loan amount because the repayment requirements and interest may be quite high. Longer-term loans vary from between five and 20 years. Repayment loans are also amortized loans, meaning the loan will need to be repaid in fixed installments until the entire loan has been repaid. This is similar to what homeowners pay for their home mortgage – making a payment monthly at a “fixed” amount, including principle and interest.

However, amortization of commercial loans Texas are rare, and typically you are required to pay a balloon payment at the end of the terms. This means you will be required to pay the remaining portion of the loan in one large lump sum. This can prove difficult for many small or start up businesses. During the loan repayment, interest is paid, but not principle, so at the end the business owner is responsible for nearly the entire principle amount. The alternative to paying all at once is refinancing the amount of the balloon payment into a new loan

It’s important to know that you are responsible for prepayment terms, too, and can actually be penalized for early payment.

While you may be tempted to “prepay” your loan amount and save on interest, you may be in for a surprise. Unlike a home mortgage, commercial loans Texas often include clauses to the contract that outline a prepayment penalty fee, calculated by multiplying the present outstanding balance by a prepayment penalty amount stated in the contract. This protects the lender or bank from any loss that might be associated with early payoff. An interest guarantee also protects the lender – stating that they are entitled to receive a specific amount of interest when the loan is paid off prior to the terms of the agreement. This is sometimes refereed to as a “lock out,” meaning the business owner has to wait until this time has passed (five year, for example) to them pay off the full loan amount without penalty.

Before signing your loan agreement, make sure you understand what is required of you

Once you sign the documents, you are responsible for the repayment terms stated in the commercial loans Texas agreement, so it’s important that you go through all the paperwork with a fine-tooth comb and seek legal counsel to review it as well. Understanding exactly what is required of you will make it easier to budget and plan for your repayment schedule.

Technorati Tags: commercial loans,commercial lending,commercial mortgage

What it Means to Get Commercial Real Estate Loans Texas

Getting commercial real estate loans in Texas allows you to borrow money for your business use, whether it’s property, equipment, or improvements. You need to know how the process works before applying for this type of loan.

When you are seeking commercial real estate loans in Texas for your company’s business expenses or growth needs, it’s important to understand that it’s much different than trying to obtain a home mortgage loan. Typically, its much bigger, and truthfully, much more complex than a residential home loan.

When you need to purchase property for your business, commercial real estate loans are very beneficial, and can take your company to the next level by getting you the property you need to build on or expand. But before applying for this type of loan to purchase property, you need to be prepared. Having your business plan, your financial statements, current credit status and other important documents in order will help you get a head start on preparation.

Pre-planning is essential for the success of getting approved for commercial real estate loans Texas. You will need to know that these loans are secured via a lien on the property you want to purchase. That means the lender has the legal right to take ownership of the property if you are not able to keep up with the schedule of the repayment terms or any other terms of the loan agreement. Pay close attention to all the clauses in the lenders’ agreement, and it’s a good idea to have all documents reviewed by a lawyer that is well versed in commercial real estate loans in Texas to help you understand what you are signing.

It’s important to know the consequences for not being able to meet the financial responsibilities agreed upon in the documents.

If you fail to meet the terms of the agreement, or are in breach of contract for any reason, you are putting your business at risk. If you can’t make the payments, you could face foreclosure of your property.

You are responsible for a down payment for your commercial real estate loans Texas, and other costs and fees, too.

To obtain this loan, you are going to be required to make an initial down payment of about 20 to 30 percent (depending on the current state of the economy) of the property’s costs, which is beneficial since you will begin to earn instant equity. As you approach getting this type of loan, understand your commitment to your lender including interested, feeds and other costs associated with the loan, so you can repay it wisely.

Technorati Tags: commercial loans,commercial lending,commercial mortgage

The Ins and Outs of Getting a Commercial Mortgage Texas

Figuring out the process for obtaining a commercial mortgage Texas is not as difficult as it sounds. With a few tips and some research along the way, you can be successful in getting the loan you need for your business.

A commercial mortgage Texas can be sought be businesses for many reasons and purposes. Thought these types of loans are the most complex, so proper research and due diligence will take to you a long way to ensure you understand what you need to do to be successful in obtaining the loan. There are also some things you can avoid doing so you don’t fall into the pitfall of getting your loan application rejected.

First, it’s important to find the right lender to work with. Look for one with professional experience with the loan you are looking to obtain and the type of business you conduct It’s also important to find a lender who will offer terms that work with your specific budget. Being familiar with the terms of the loan and with commercial mortgage Texas in general, with help you as you seek the right lender. Even if you have worked with a bank or lender in the past, make sure that entity or individual is rightly suited for this specific situation.

It’s also important once you’ve chosen a lender to seek the counsel of a lawyer to review documents before you sign anything. If you work with a lawyer that has experience in commercial mortgage Texas, all the better. They can make sure the paperwork is in order, that you are getting what you are under the impression you are getting, and that all the terms are legal — and reasonable.

Making sure you can afford the terms of commercial mortgage Texas loan is very important.

It’s important to understand that you will be responsible for a monthly (or otherwise agreed upon) repayment schedule with you obtain a commercial mortgage Texas, so you need to make sure you have the ability to repay under the terms. Prior to making any agreements, review your business plan and your budget to ensure the terms of the loan won’t put your finances in a crunch. You may benefit for reducing some of your costs in other areas, increasing your product line or offering services in a new, bigger market to regain more capital.

As with anything in business, it's important to be as prepared as possible.

While you can’t predict the future, as a business owner, it’s important to make sure you are financially prepared to handle the “unexpected” pitfalls that are certain to happen in business along the way. Having cash via loan can sometimes make the difference in being able to handle these pitfalls with ease or having an unexpected bump in the road put your business in a bind. Responsible planning is a good for any business, and having your financial documentation in order can help ensure you continue to be successful in business.

Technorati Tags: commercial loans,commercial lending,commercial mortgage

Texas Commercial Real Estate: Plans to update JC Penny’s Plano headquarters

Texas commercial real-estate developer Sam Ware recently implemented plans to modernize a portion of JC Pennies Plano headquarters.

JC Penny recently decreased its foot print on its sprawling Plano, Texas headquarters. While the company will continue to remain on the site, it leased out part of the campus to developer Sam Ware. Ware is known for his value-added approach to commercial development. Ware will modernize his portion of the campus, naming the new development, “The Campus at Legacy West.”

Wares purchase was one of the largest commercial real estate transactions in North Texas in 2016. JC Penny made steps to downsize and after consulting with CBRE realtors and decided to lease out unused space on their campus. JC Penny will continue to occupy 1.1 million sq. ft. on the site, leasing the rest to Ware. Ware will make use of 600,000 sq. ft. of newly vacated office space as well as 300,000 sq. ft. of underused mezzanine space. The total sale price amounted to 353 million not including the improvements Ware intends to make. Ware intends to directly invest 60 million into new improvements on the site, with the help of a 377 million dollar mortgage from Beal Bank.

Job growth in the area made the site particularly attractive to Ware and other developers. The Plano area has boasted job growth of 3.8 percent year over year, 1 percent higher than the rest of the state. Office absorption has been positive in the area for 81 months. The site is already adjacent to the sprawling Legacy West Development, which already has offices for Toyota, Liberty Mutual and JP Morgan Chase. It is also nearby the sizable “Legacy West” urban village. Ware claimed “There is not another competing Class A corporate campus with this much contiguous space available in North Texas.” He sees a unique opportunity in the purchase “To buy this building today would run around $400 per square foot. If we had to create this building today, the land alone would cost $100 million and it would cost $800 million to build it,”he said.

“The Campus at Legacy West,” will stand out among Texas commercial real estate developments.

The site already boasts many amenities. The property is the only office building in the area with a Starbucks, a Subway and a pharmacy already on site. 50,000 square feet is already dedicated to amenities. Ware intends to expand on these amenities. He and his partners will spend 100 million dollars to add updated child care facilities, medical offices and expanded food service options. These updates will no doubt attract tenants to “The Campus at Legacy West.”

The area around the campus is one of the most desirable in Texas commercial real estate. Will Wares improvements to the site pay off?

A lot is at stake for Ware with such a huge investment. The site has many advantages already and clearly the immediate area is in high demand with a number of multi-billion dollar developments already established. Will Wares improvements to the site be enough to distinguish “The Campus at Legacy West” from adjacent office parks? Time will tell.

Technorati Tags: commercial loans,commercial lending,commercial mortgage

Texas commercial real estate: Parkland Memorial Hospital to see redevelopment

Texas commercial real-estate developer Sam Ware has big plans to revitalize Dallas aging Parkland Hospital Campus

Ware recently completed a lease buy back arrangement for the 38 acre property with the Parkland Health and Hospital Systems Board of Supervisors. Ware is entitled to 500,000 sq. ft. of the site for the next three years. Ware intends to redevelop the location into an amenity rich, mixed use development known as “the District.” Ware has made it his business to add value to aging properties like Parkland Memorial Hospital. With so much new office space going up in the area, will the remodeled Hospital site be able to compete? Ware obviously thinks so.

Sam Ware is not unfamiliar with redevelopment projects. He has been redeveloping a range of sites since the 1980’s. His most recent acquisition, a portion of the JC Penny Headquarters, he intends to develop into, “The Campus, at Legacy West.” Ware has called the Parkland project “a once in a life time opportunity.” Claiming “you couldn't get a similar deal in Dallas’ competitive market for under 500 million.” True to his form, Ware will focus on keeping costs low by redeveloping the existing buildings on the site. In his appeals to purchase the property from the Parkland Hospital Systems’ board of directors he claimed the form of the site is, “dysfunctional, but your bones are worth $200 million. Just let the architects figure it out.”

Ware will invest 250 million dollars in the project to redevelop it into a mixed use destination called “The District.” Current proposals to renovate and repurpose the existing buildings include, converting the emergency room tower into a hotel for visiting doctors and developing micro-apartments by combining old patient rooms. New amenities will be added to the site as well. Ideas include a valet service, a high end gym, restaurants and a grocery store. To plan the redevelopment, Ware intends to use the team that helped him implement his vision at the former JC Penny Headquarters

Wares redevelopment project has significant potential when compared to other Texas commercial real estate developments.

Prior to the sale CBRE described the Parkland Memorial Hospital campus as a “significant redevelopment opportunity in Dallas-Fort Worth,” an apt description. The site sits on 38 acres in the heart of Dallas’ medical district. The campus has about a dozen existing buildings, of varying sizes along with parking garages and open land. It is adjacent to Lovefield and Dallas’ uptown district. In addition the site boasts access to two nearby commuter rails. Redevelopment of the site is an undeniable opportunity. The immediate area has the highest density zoning in Dallas, outside of the cities central business district. High density zoning allows up to twenty stories to be added on to the sites existing buildings, giving the opportunity to expand the available square footage on the site to to 4.5 million.

It is uncertain whether “the District” will stand out among other Texas commercial real estate developments.

Ware intends to capitalize on the sites pre-existing advantages. The Parkland Campus is centrally located and indicated for high density development. Clearly it is cheaper to remodel the existing buildings on the site. Other developers may have simply started from scratch. Ware has succeeded with similar efforts in the past and the proposed amenities will no doubt add value to the location. Time will tell whether “the District” will be able to compete with new construction in the area.

Technorati Tags: commercial loans,commercial lending,commercial mortgage

Texas commercial real estate: A look at the Dallas Midtown development

Texas commercial real-estate developer Scott Beck has big plans for the site of the former Valley View Mall.

The aging Valley View Mall was recently demolished to make way for a new development, “Dallas Midtown.” Spearheading the effort is developer Scott Beck. Beck claims “Dallas Midtown,” is the most important construction project to take place in Dallas during this century. The amenity rich, mixed use development is a massive project, which Beck claims will encourage companies to relocate their offices into the heart of the city. “Today will mark the day when our city stops the flight of corporate America from our city’s urban core to the far-out reaches of our northern and western suburbs,” he said during a press conference after the demolition.

Beck claims “Dallas Midtown” will be a “city within a city.” The project will amount to an “urban, mixed-use village in the center of the population density in Dallas.” According to plans, the development will be fully operational by 2020 at a total cost of 4 billion dollars. In the end the project will amount to 1 million sq. ft. of additional retail and office space. Other amenities will include a 10 screen luxury cinema, a 183,000 sq. ft. gym, 1,000 new apartments all which will be anchored by the 20 acre Midtown Commons Park.

The Dallas Midtown project is a big opportunity for Dallas to expand the city’s tax base. Once completed the development will add about 20 billion dollars in taxable value to the city, which according to Beck, represents the sum total of the taxable value located in Dallas’ central business district. Local politicians agree, Council Representative, Tennell Atkins claimed the project was a “mega big tax growth for the city of Dallas.” Revenue brought in by the development will help the city repair aging infrastructure and help bring improvements to the cities struggling Northern Sector.

Dallas Midtown, will no doubt become one of Texas’ most significant commercial real estate developments.

Whatever the outcome of the project, it will no doubt result in major changes to the surrounding area. The anchoring park, Midtown Commons will be one of the city’s largest and will dwarf the 5 acre Klyde Warren park, one of the city’s largest. Amy Monier, parks and recreation representative for the district claims Midtown Commons will be a Dallas equivalent to Central Park and will define the area for generations. The project will be the most robust mixed use development in the city, and according to some, one of the most transformational projects ever undertaken in Dallas.

Community leaders agree with Beck's claims. Believing Dallas Midtown will define the Texas commercial real estate market for generations.

The sheer amount of office-space added by “Dallas Midtown,” will certainly make an impact on the commercial real-estate market. If Beck's claims for the potential of the development hold true, an aging neighborhood will no doubt see new life and the city will be encouraged to invest in the immediate area. Whether the scale of the development exceeds the demand for commercial space remains uncertain. But local authorities are clearly behind Beck's vision, former councilwoman turned state representative, Linda Koop expressed her faith in Beck's ability to transform the site, “ I know with Beck in charge, it will be that kind of project that will be a project that will last and last and last and be a centerpiece of not only North Dallas but of Dallas as well,” she said.

Technorati Tags: commercial loans,commercial lending,commercial mortgage

Texas Commercial Real Estate: Need for temporary offices offset by telecommuting and co-working after Harvey

Commercial real estate in Texas saw an impact due to Hurricane Harvey. Offices are being transformed as businesses relocate temporarily.

The commercial real-estate firm CBRE reports 40 centrally located Houston office buildings were damaged by the storm. Short term displacement is forcing many businesses to capitalize on technology and to take up new trends. Office buildings in Houston's Energy Corridor felt the brunt of Harvey's impact. The release of water from the nearby Addicks Reservoir caused extensive flooding in the area. According to NAI Partners representative Dan Boyles Jr, the main problem appears to be water in the mechanical and electrical systems of office buildings. Even with minor structural damage, the demand for temporary office space has been high in the wake of Hurricane Harvey. Energy Corridor President David Hightower claims he is “getting flooded with emails about folks needing space.” With the need for temporary space, the dynamics of how businesses operate is being changed by Hurricane Harvey.

Telecommuting has offset the demand for temporary space on the part of businesses impacted by Hurricane Harvey. This is no great surprise, Global Work Place Analytics estimates 50 percent of jobs in the US are telecommuting compatible and 25 percent of Americans telecommute to work on a regular basis. Technologies like Skype are allowing businesses to continue their operations without the need for temporary space. Businesses weren't able to rely so heavily on such technology in the past, but this appears to be the case after Hurricane Harvey.

More businesses are making use of shared office space and the Texas commercial real-estate market could change as a result.

Other businesses are making use of shared office spaces. Many businesses in the area were unfamiliar with the co-working concept, leading to many co-working spaces to suffer from high vacancies prior to the storm. Now co-working occupancies are sky rocking. Tech-space, a co-working office in the West Chase area has 60 percent of its seats currently occupied. Its owner expects that by the end of the week all of Techspaces seats will be leased out. Co-working offices can be operational in less than 24 hours. Many local businesses are realizing the benefits of the co-working concept. Spoden the owner of Techspace, claims some new tenants are considering leaving some staff-members behind, even after their offices are repaired. A temporary boost in co-working spaces and telecommuting may have a long lasting impact on the dynamics of Houston's office market.

It is still unclear whether telecommuting and co-working will have a long term impact on Texas commercial real estate.

Short term demand for offices is likely be propped up by businesses whose operations are directly related to rebuilding efforts. But after damaged offices are repaired, will Houston businesses continue to take advantage of technology or more modern cooperative office spaces? If so this could reduce the demand for traditional office space and vacancies in the Houston area could continue to remain high even after Harvey’s damage is repaired.

Technorati Tags: commercial loans,commercial lending,commercial mortgage

Commercial Lending Texas: Cadence IPO fails to meet investors’ expectations

Texas commercial lender Cadence Bank, is the first Bank IPO of 2017.

The IPO brought 181 million dollars into Cadence, a notable commercial lender throughout Texas and the Southeast. The Cadence Bank SEC filling prior to the IPO stipulated the sale of 7.5 million shares of common stock, to be sold initially at 19-21 dollars each. The stock has hardly peaked above this initial asking price, calling into question demand for the stock on the part of investors.

Cadence is a major commercial lender in the Houston area. Defined as a middle market bank with 65 branches in operation throughout the south eastern United States. Banking veterans formed Cadence in 2009 in the midst of the Great Recession. Since then the bank has succeeded in part by acquiring smaller banks that were impacted by the recession. Its latest acquisition of Encore Bank was finalized in July 2012. Cadence currently manages 9.5 billion dollars in assets. It has 7.4 billion dollars in loans on its books, 77 percent of which are commercial loans, making Cadence stand out as a major commercial lender in Texas.

Cadence claimed the IPO was aimed at funding “organic growth.” The company has been adding loans since 2012 at a 16.8 percent compound rate annually. It boasted 65.8 million dollars in profit from 335.2 million dollars in interest payments. This represents a 14 percent increase from the previous year. Cadence saw an IPO as the best way to raise money to fuel this rapid growth. The IPO was underwritten by JP Morgan Chase, Goldman Sachs and Keefe Bryette and Woods. New investors who bought the shares after the offering would retain a 9 percent stake in the company, with the banks initial investors retaining a majority. The stock is currently listed as CADE on relevant stock exchanges.

Analysts seem to agree that Texas commercial lenders and Cadence in particular have a strong growth potential. However so far CADE stock has not performed according to expectations.

The consensus among analysts is that CADE stock has a projected market value of 25 dollars a share. Five investment groups are advising clients to buy the stock. These groups include Zacks Investment Research Group, the Royal Bank of Canada and the aforementioned Keefe Bryette and Woods. Thus far the stock has not performed according to their expectations. As of September 20^th CADE stock had a market value of 22.19 dollars a share. So far the stock has not exceeded, or achieved the predicted 25 dollar share price. The Wall Street Journal’s money flow ratio indicates that the pressure to sell the stock exceeds the willingness of investors to buy it.

Is Harvey's potential impact on Texas commercial lending making investors wary?

No doubt Cadence is a strong bank with consistent profits. The bank has seen considerable growth since it was founded in 2009. However since the IPO, CADE stock has not performed according to the expectations of analysts. Questions linger as to the tepid demand for the stock on the part of investors. In the short term are the organizations ties to the Houston area, so recently impacted by Hurricane Harvey, making investors wary to buy?

Technorati Tags: commercial loans,commercial lending,commercial mortgage

Featured Post

Saturday, September 30, 2017

Following these “ABC’s of commercial mortgage Texas loan application, you can make sure you are eligible for the best loan for your company’s needs and get it in a timely manner.

When you submit your documentation, the evaluation begins.

You’ve been approved for the loan! Congratulations… but there’s more.

There are many details and “fine print” to understand how to pay back your commercial loans in Texas. Here we break down what you need to make sure you can repay your lender.

It’s important to know that you are responsible for prepayment terms, too, and can actually be penalized for early payment.

Before signing your loan agreement, make sure you understand what is required of you

Getting commercial real estate loans in Texas allows you to borrow money for your business use, whether it’s property, equipment, or improvements. You need to know how the process works before applying for this type of loan.

It’s important to know the consequences for not being able to meet the financial responsibilities agreed upon in the documents.

If you fail to meet the terms of the agreement, or are in breach of contract for any reason, you are putting your business at risk. If you can’t make the payments, you could face foreclosure of your property.

You are responsible for a down payment for your commercial real estate loans Texas, and other costs and fees, too.

Figuring out the process for obtaining a commercial mortgage Texas is not as difficult as it sounds. With a few tips and some research along the way, you can be successful in getting the loan you need for your business.

Making sure you can afford the terms of commercial mortgage Texas loan is very important.

As with anything in business, it's important to be as prepared as possible.

Texas commercial real-estate developer Sam Ware recently implemented plans to modernize a portion of JC Pennies Plano headquarters.

“The Campus at Legacy West,” will stand out among Texas commercial real estate developments.

The area around the campus is one of the most desirable in Texas commercial real estate. Will Wares improvements to the site pay off?

Texas commercial real-estate developer Sam Ware has big plans to revitalize Dallas aging Parkland Hospital Campus

Wares redevelopment project has significant potential when compared to other Texas commercial real estate developments.

It is uncertain whether “the District” will stand out among other Texas commercial real estate developments.

Texas commercial real-estate developer Scott Beck has big plans for the site of the former Valley View Mall.

Dallas Midtown, will no doubt become one of Texas’ most significant commercial real estate developments.

Community leaders agree with Beck's claims. Believing Dallas Midtown will define the Texas commercial real estate market for generations.

Commercial real estate in Texas saw an impact due to Hurricane Harvey. Offices are being transformed as businesses relocate temporarily.

More businesses are making use of shared office space and the Texas commercial real-estate market could change as a result.

It is still unclear whether telecommuting and co-working will have a long term impact on Texas commercial real estate.

Texas commercial lender Cadence Bank, is the first Bank IPO of 2017.

Analysts seem to agree that Texas commercial lenders and Cadence in particular have a strong growth potential. However so far CADE stock has not performed according to expectations.

Is Harvey's potential impact on Texas commercial lending making investors wary?