Dallas Texas’s Popular Financial Institute Nexbank
NexBank capital based in Dallas Texas offers 3 main services to their customer base. Their customer base includes Institutional clients, Financial Institution clients, and corporation clients and it is also nationwide. They offer Commercial Banking to their clients, Mortgage Banking to their clients, and last but not least they offer Institutional services to their clients. Each service can be customized to better help each customer with their needs.
On September 29th 2017 NexBank closed a $54 million private placement deal that revolved around their fixed-to-floating rate subordinated notes. They plan to use the proceeds from this deal for corporate purposes. The noted were to be locked for five years as they were non-callable and the notes would be not be considered mature until September 30th 2027.NexBank fixed an interest rate of 6.375% that would be locked in for five years. This offering closed on September 19th 2017 and the noted were not to be registered under the Securities Act.
NexBank offers Commercial Banking, Mortgage Banking, and Institutional Services and each of those three services have subsections of their own. Let’s look at Commercial Banking first. Commercial Banking means supporting businesses and institutions with tailor-made solutions. NexBank breaks down Commercial Banking into six subsections. Those six subsections are:
Commercial Real Estate Lending
Next we have Mortgage Banking which in its broadest term means Flexibility. NexBank has the expertise to connect clients with broader possibilities and they divide Mortgage Banking into three subsections. Those three subsections are:
Wholesale and Correspondent Lending
Becoming a client.
Finally NexBank offers Institutional services which means they tailor solutions to meet the needs of their clients. They do that by dividing Institutional services into five subsections. Those subsections being:
Real Estate Advisory.