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LMI Capital’s Kurt Dennis originated a five-year acquisition loan for a 30-unit asset in Northwest Houston. The first mortgage featured a 4.74% fixed rate. lmi capital’s Jamie Safier closed four.
A Dallas-based bank built for small business owners is aiming for more of the same in Houston. Millennium State Bank. The bank mostly does business loans (SBA or otherwise) and cash management work.
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“The fact that the Fed was willing to accept that collateral was indicative that collateral was very hard to come by at the time,” said Craig Pirrong, a finance professor at the University of Houston.
“Most people don’t have the luxury to be able to pay cash for one. so offering loans is a way to diversify and reach additional customers, said Pavel Molchanov, an analyst at Raymond James &.
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No other U.S. financial institution saw as big of a jolt in commercial and industrial loans to total loans as Cadence Bank NA. LLC acquired Houston-based Encore Bancshares Inc., the parent of.