We are Loopy.
Loopy, Ltd. is really a stage name for Mitch Meyer. Intent on being a small shop, Loopy Ltd. has still bought, sold, developed, built, refurbished and demolished millions of square feet of real estate. Loopy Ltd. has a solid reputation in the San Antonio real estate community and is probably known more for complicated and audacious projects than mainstream cookie-cutter projects. If it’s something that everybody else is doing it’s unlikely you will find Loopy Ltd. We’re happy to say that we march to a different drummer.
Loopy, Ltd. was born in the days of the RTC while the savings and loan companies were going under. Mitch cleared out his savings and bought everything he could afford at the RTC auctions. Eventually, these properties were sold, refinanced or leveraged into new projects. As time rolled on Loopy realized its knack for taking on troubled assets or properties that were left for dead. When underperforming assets became harder to find Loopy turned to development and minor land speculation. Due to Loopy’s strong feelings about the rebirth of urban areas and an equally strong dislike of suburban sprawl most of Loopy’s investments are close to downtown or in older mature neighborhoods. Loopy Ltd. plans to ride the urban wave and look for investments in obscure locations for the foreseeable future. In other words, there is no telling where we’ll wind up but we won’t give up on our commitment to staying small, homegrown and family oriented.
Loopy Limited is constantly scouring the marketplace for commercial opportunities. If you are an investor that is looking for eye popping returns or a tenant that wants to own part of the building you are leasing, then Loopy Limited is your last stop. We also have options for non-profits as well as for-profits. Interim or construction financing, permanent financing or equity pieces of an investment are all part of the investment services we provide. Loopy Limited has a good reputation with banks and other lending institutions that allow us to be more nimble with our finances. In the end you can have the best real estate deal in town but if you can’t get the lenders to finance it then you don’t have a deal. You’d be surprised how many perfectly good real estate investments don’t take place because the lender isn’t on board or doesn’t have confidence in the borrower. Up front document negotiation is also very important and Loopy Limited has learned the hard way about poor up front document negotiation. That’s called experience and we have it.
Our investment numbers are based on market realities, not puffed up projected pro-formas that never materialize. We wouldn’t dream of buying something on a 6 cap without a very solid exit plan. We look at our investments strictly from a common sense point of view and never forget that we exist to make money. Most of our real estate investments have a five to seven year horizon mainly because instant gratification rarely works and long term investments tend to flatten out after year seven.
Loopy Ltd. is in tune with the macro side of things as well as the micro. If the economy is going to hell in a hat box then we will probably pay more attention to that information than tempting local trends. In the back of our minds we never feel we have to make a deal. This is not to say we don’t take risks, we do indeed.
We are open-minded, honest and adept. If you are interested in investing with us please drop me an email. We have a solid group of investors that usually participate in our investments but are always looking for more. Our minimum investment requirement is $100,000 and some investments may have a $500,000 minimum. We will also consider investing in a real estate deal that you bring to us.