Financial Cents | Arizona's Financial Podcast
Brent Cannon, executive vice president, director of community banking at National Bank of Arizona® is your host of Financial Cents, Arizona’s Financial Podcast. Each episode, Brent invites fellow banking colleagues with decades of experience in the financial industry to provide both financial and business insights that you could only get if you had a friend in the industry.National Bank of Arizona was founded on the mission to build local relationships, deliver financial literacy and exceptional customer service. More than 30 years later this approach has not changed, serving almost all the communities throughout the state of Arizona. By seizing technology opportunities in the 21st-century, National Bank of Arizona continues this approach with the foundation in which this organization was built upon. This financial podcast was created in efforts to continue to connect with consumers and business owners, building relationships with new listeners and currents clients alike. To learn more, check out nbaz.com/financial-cents.
Financial Cents | Arizona's Financial Podcast
Types of Commercial Real Estate Loans and FAQs
What is commercial real estate, and how is different than residential real estate? What kind of properties can be financed with commercial real estate loans? What types of commercial real estate loans are available? How do you get started with investing in commercial real estate? For those looking to start their real estate investment journey, commercial real estate offers a wide array of property types and sizes, from the single-tenant office building to large, multi-family residential properties. And it’s this wide variety of property types that can be appealing to investors as it allows you to create a truly diverse portfolio of investments over time.
In this episode of Financial Cents, Mark Stebbings, executive vice president and director of specialty lending, and Jeff Melsek, real estate commercial portfolio manager, join guest host John Lewis, senior vice president and business banking regional manager, to discuss tips and strategies for those looking to purchase or refinance existing commercial real estate.
Since even the best commercial real estate property needs the right financing to be successful, leveraging your relationship with your banker is a must. As Mark explains, “there’s no ‘one size fits all’ for a transaction.” And it’s in working with your banker where you can find a customizable solution for your specific transaction.
With that in mind, Jeff goes on to discuss National Bank of Arizona’s new program for first-time or newer commercial real estate investors. “We’ve put together a program for commercial real estate financing but tailored it to meet the needs of these first-time or maybe newer commercial real estate investors,” said Jeff. “We pride ourselves on the fact that we are a smaller community bank and a relationship bank, so we are more than willing to help anybody who wants to get started in commercial real estate.”
From going over the different types of commercial real estate loans to leveraging your relationship with your bank to get started, Jeff and Mark draw on their decades of experience in the industry to offer the types of insights and strategies that you could only get from a friend in the business.
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