Nexbank is a financial institution which is based in Dallas. It announced the completion of a $54 million private placement of fixed to floating rate notes to investors of high net worth. The company intends to use the money for corporate purposes. For five years, the notes are non-callable and are to mature on 30th September 2027. They have a fixed interest of 6.375% for five years after which it will be based on a floating rate spread above the three month LIBOR of 458.5 basic points.
Nexbank serves its customers through mortgage banking, institutional services, and commercial banking. It primarily provides customized banking and financial services to corporations, financial institutions, and institutional clients. The mission of Nexbank is to deliver value that is uncommon to the customers. Nexbank provides its customers with access to sophisticated solutions that are delivered to the clients by professionals. The company has clients all over the United States.
Nexbank works with institutions to understand their objectives and provide for them customized solutions that work for their strategic objectives. It offers a variety of property management services to institutional clients while focusing on the enhancement of property value through minimization of operating costs and improved tenant experience.
Nexbank is keen on establishing long-term relationships with its partners. The professionals at Nexbank provide customized solutions that meet the specific needs of customers as they arise in order to empower their business. The funding is reliable, and they are delivered quickly and the solutions offered are flexible. The representatives of Nexbank are always ready to help those who are joining their services for the first time with the application process.
Nexbank also has the option of online banking which is convenient and flexible, allowing the clients to manage their finances at any time. Through the online banking services, clients can transfer money between accounts, pay bills online thus saving time, and check their transaction history. Nexbank provides two types of loans for the clients; commercial loans and SBA loans. It partners with developers in the real estate industry to create specialized financing for development, acquisition, and construction. It also has credit services that give community banks the opportunity to diversify their portfolio.