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Meet Bill Rapp

NMLS ID # NMLS # 228246

William Rapp, based in Houston, TX, US, is currently a Capital Advisor at Medallion Funds, bringing experience from previous roles at eXp Commercial, NEXA Mortgage, Viking Enterprise LLC and Sun Realty - Houston. William Rapp holds a 1997 - 2001 BBA in Finance @ Texas A&M University. With a robust skill set that includes REO, Sellers, SFR, FHA financing, Reverse Mortgages and more, William Rapp contributes valuable insights to the industry.

The Client Experience

Great experience purchasing our first home! Bill was easy to reach and always able to answer any questions or concerns.

27185 Astoria Brook Ln, Katy, TX 77494, USA

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💼 Event Venue Ownership: A Real-Life Success Story & Financing Guide 🏆

🏢 From Renter to Owner: How One Event Center Made the Leap 🚀

Bill Rapp, Commercial Mortgage Broker

August 15, 2025•2 min read

🏢 From Renter to Owner: How One Event Center Made the Leap 🚀

💼 Event Venue Ownership: A Real-Life Success Story & Financing Guide 🏆

🧾 From Renter to Owner: An Event Center Success Story

For years, many event center owners have been stuck in the same cycle—paying rent, dealing with landlord restrictions, and watching overhead costs eat into their profits. But what if you could flip the script, build equity, and secure a permanent facility for your business?

This is exactly what one local event center owner did—and their journey from renter to owner shows how strategic financing can turn a dream into a reality.

The Challenge

Running a successful event center requires stability. Unfortunately, renting means your lease terms—and future—are in someone else’s hands. Rising rents, building maintenance issues, and the risk of non-renewal make it hard to plan long-term.

The Breakthrough

After years of leasing, this event center owner connected with our mortgage brokerage team to explore owner-occupied commercial real estate financing. By leveraging their business’s strong financials and a SBA 7A loan program, they were able to:

· Secure long term 25 Year quarterly Floating Rate financing

· Construct their existing location on their land parcel

· Reduce monthly payments compared to leasing

· Gain valuable tax benefits through property ownership

Why Owning Beats Renting for Event Centers

Owning your venue isn’t just about pride of ownership—it’s a smart financial move.

· Equity Growth: Every mortgage payment builds long-term wealth.

· Predictable Costs: Eliminate unpredictable rent increases.

· Creative Control: No landlord restrictions on renovations or branding.

· Retirement Security: Your property can be sold or leased for passive income later.

Financing Options for Event Centers

Depending on your situation, several loan types may fit:

· SBA 504 Loan – Low down payment financing for commercial real estate.

· SBA 7(a) Loan – Flexible use of funds for property purchase + working capital.

· Conventional Commercial Loan – Competitive rates for strong borrowers.

Final Takeaway

If you’re an event center owner tired of throwing money away on rent, there’s a path to ownership that could strengthen your business for decades. With the right financing strategy, you can make the leap—just like our client did.

📞 Ready to explore your options? Contact us today to see how we can help you own your venue and build your business’s future.

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Bill Rapp - Commercial & Residential Mortgage Broker

Whether you're a first-time homebuyer, a seasoned investor, or a business owner with ambitious plans, securing the right financing is crucial. At Medallion Funds, we take the guesswork out of mortgages, offering a comprehensive suite of residential and commercial loan options to fit your unique needs. Looking for Your Dream Home? We understand the excitement and challenges of navigating the residential real estate market. Our experienced mortgage brokers will guide you through every step, from pre-qualification to closing. We offer a variety of loan programs to suit your financial situation, including: • Fixed-rate mortgages: Offering stability with predictable monthly payments. • Adjustable-rate mortgages (ARMs): Providing competitive rates for a set period. • FHA loans: Making homeownership accessible with lower down payments. • VA loans: Rewarding veterans with attractive rates and flexible terms. Investing in Your Business Future? Growth often requires capital, and we can help you unlock the potential of your commercial property. Our brokers specialize in a wide range of commercial loan options, including: • Purchase loans: Financing the acquisition of new buildings or land. • Construction loans: Facilitating the development of your project. • Refinance loans: Restructuring your existing mortgage for better terms. • SBA loans: Providing access to government-backed financing for qualified businesses. The Medallion Funds Difference: We go beyond simply finding a loan. We take the time to understand your goals and develop a personalized strategy. Here's what sets us apart: • Expertise: Our brokers have a deep understanding of both residential and commercial lending. • Competitive Rates: We leverage our strong lender relationships to secure the best possible terms. • Streamlined Process: We handle the paperwork, keeping you informed every step of the way. • Exceptional Service: We're committed to providing you with a positive and stress-free experience. Ready to Take the First Step? Contact Medallion Funds today for a free consultation. Let's discuss your financing needs and help you achieve your dreams!

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