Investor profile - TX
Preston Despenas
Preston Despenas is a real estate investor and operator based in Lubbock, TX. Public filings show activity across 31 properties held through 19 holding companies. Recent mortgage relationships include Time Bank, NorthPoint Lending Group, Inc., and Ignite Funding.
Preston's Activity
As of December 2025, public records show approximately $1.0B in recorded mortgage exposure linked to this investor across at least 469 mortgage filings and 31 properties held through 19 holding companies. Activity appears concentrated in residential and multifamily assets recorded between 2018 and 2025.
Primary Geography
Lubbock, TX
ZIP codes: 79424, 79403, 79423, 79407, and 79382
Most recorded activity for this investor appears in LUBBOCK, WOLFFORTH, ABILENE, and MIDLAND.
Property Type Breakdown
Associated Entities (19)
TX · 6 properties · 112 mortgages
TX · 87 properties · 93 mortgages
TX · 0 properties · 82 mortgages
+16 more not shown
Mortgages (469)
Top Lenders
| Date | Amount | Status | Lender | Borrower | Address |
|---|---|---|---|---|---|
| 11/12/2025 | $158k | Open | Time Bank | PREZ ENTERPRISES INC | 2137 LANGFORD AVE, LUBBOCK, TX 79407 |
| 10/02/2025 | $322k | Open | Time Bank | PREZ ENTERPRISES INC | 2125 LANGFORD AVE, LUBBOCK, TX 79407 |
| 10/02/2025 | $342k | Open | Time Bank | PREZ ENTERPRISES INC | 2121 LANGFORD AVE, LUBBOCK, TX 79407 |
+466 more not shown
Owned Properties (31)
| Address | Deeded owner | Status | Consideration |
|---|---|---|---|
| 11TH ST, ABILENE, TX 79601 | BIG COUNTRY HOME BUILDERS ASSN | Owns - 2.3 yrs | $0 |
| 2707 113TH ST, LUBBOCK, TX 79423 | PREZ ENTERPRISES INC | Owns - 4.5 yrs | $135k |
| 8804 SARATOGA AVE, LUBBOCK, TX 79424 | UPLAND HEIGHTS LLC | Owns - 5.0 yrs | $7.6M |
+28 more not shown
FAQ
What type of real estate does this investor focus on?
Associated mortgages and deeds show activity in residential and multifamily properties across Lubbock, TX.
What companies is Preston Despenas associated with?
Preston Despenas is associated with 19 entities based on extracted signatures from public records. Key entities include UPLAND HEIGHTS LLC, PREZ ENTERPRISES INC, SANDY CREEK TOWNHOMES LLC, DESPENAS LLC, and RATLIFF RIDGE TOWNHOMES LLC.
How many properties are associated with this investor?
At least 31 properties are associated with Preston Despenas and the entities they control, based on signatures extracted from recorded documents connecting Preston Despenas to the entities.
Which lenders has this investor worked with?
Recent mortgage activity references Time Bank, NorthPoint Lending Group, Inc., and Ignite Funding, indicating a mix of lending relationships.
How recent is their activity?
Records show activity from 2018 through 2025, with the most recent mortgage recorded in 2025.
How is associated activity determined?
Elementix uses AI to extract signatures from recorded documents. These signatures are used to determine the relationships between people and entities. This is a novel approach that goes beyond looking at corporate filings and skip-tracing.
The information displayed on this page is compiled from recorded real estate documents, business filings, and other lawfully available sources. Elementix summarizes and analyzes public record activity related to investment real estate and associated business entities. Any contact indicators shown (such as email domain references or partial phone digits) are provided solely as unverified signals and may be incomplete or outdated.
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