Here Homes Closes New $18 Million Lending Facility with Banking Partner American State Bank
New financing allows Here Homes to continue its single-family rental expansion in North Texas.
- Dallas, TX (1888PressRelease) February 03, 2023 - Here Homes, a leader in DFW single-family rental housing, today announced the successful closing of a new $18 million, five-year fixed credit facility through American State Bank. The facility enables Here Homes to finance over 100 additional single-family homes in its growing portfolio of single-family rentals (SFRs) in North Texas.
“We are thrilled to partner with American State Bank on this new facility,” said Ryan Cassin, Managing Partner of Here Homes. “We believe Dallas-Ft. Worth represents one of the most attractive metros in the country for single-family rentals because of its access to good schools and plentiful jobs. As DFW continues to grow and new cohorts of Americans enter household formation years, demand for single-family rentals remains strong. We look forward to expanding our portfolio of high-quality homes made possible by this new funding.”
“We are excited to partner with Here Homes to support their continued growth,” said Mike Jackson, Sr. Vice President of Commercial Lending at American State Bank. “In just two years, Here Homes has established itself as a leader in single-family rental properties in DFW and we look forward to being a partner in their mission to provide high-quality homes to residents across North Texas.”
About Here Homes
An innovator in single-family rental housing, Here Homes takes the stress out of renting by putting technology at the center of resident experience. Since 2021, Here Homes has acquired, rehabbed, and leased over 130 high-quality single-family homes in North Texas. Here Homes are found in strong communities with access to excellent jobs, great schools, and wonderful neighborhoods. Learn more at HereHomes.com.
About American State Bank
Founded in 1911, American State Bank is a privately owned full-service community bank with a rich heritage of serving the financial needs of its consumer and commercial customers in Texas. Offering a large array of banking services, American State Bank is focused on meeting and exceeding the financial needs of its customers. With significant investment in technology, employees, and platform, American State Bank competes with much larger institutions while maintaining the personal customer service of a community bank. American State Bank has a total of fourteen offices in addition to the new LPOs. Member FDIC.
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