Investor Profile - TX
Preston Despenas
Preston Despenas is a real estate investor and operator based in Lubbock, TX. Public filings show activity across 1,434 properties held through 21 holding companies. Recent mortgage relationships include Time Bank, NorthPoint Lending Group, Inc., and Ignite Funding.
Preston's Activity
As of June 2026, public records show approximately $966.0M in recorded mortgage exposure linked to this investor across at least 474 mortgage filings and 1,434 properties held through 21 holding companies. Activity appears concentrated in residential and vacant assets recorded between 2018 and 2026.
Associated People
Primary Geography
Lubbock, TX
ZIP codes: 79403, 79404, 79407, 79606, and 79423
Most activity in LUBBOCK, ABILENE, WOLFFORTH, HOUSTON, and MIDLAND.
Property Type Breakdown
Associated Entities (21)
TX · 59 properties · 92 mortgages
TX · 193 properties · 90 mortgages
+19 more entities not shown
Mortgages (474)
Top Lenders
| Date | Amount | Status | Lender | Borrower | Address |
|---|---|---|---|---|---|
| 04/07/2026 | $3.5M | Open | Ignite Funding | DESPENAS LLC | 1001 TULANE ST, LUBBOCK, TX |
| 03/10/2026 | $286k | Open | Maverick Lending Solutions | DESPENAS LLC | 9912 CLARK RD #A, HOUSTON, TX 77076 |
+472 more not shown
Owned Properties (1,434)
| Address | Deeded owner | Status | Consideration |
|---|---|---|---|
| 9914 CLARK CANYON LN, HOUSTON, TX 77076 | DESPENAS LLC | Owns - 3 mos | $380k |
| 9912 CLARK RD #B, HOUSTON, TX 77076 | DESPENAS LLC | Owns - 3 mos | $380k |
+1432 more not shown
FAQ
What type of real estate does this investor focus on?
Associated mortgages and deeds show activity in residential and vacant properties across Lubbock, TX.
What companies is Preston Despenas associated with?
Preston Despenas is associated with 21 entities based on extracted signatures from public records. Key entities include SANDY CREEK TOWNHOMES LLC, PREZ ENTERPRISES INC, UPLAND HEIGHTS LLC, BELL FARMS TOWNHOMES LLC, and DESPENAS LLC.
How many properties are associated with this investor?
At least 1,434 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 2026, with the most recent mortgage recorded in 2026.
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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