What's Really Happening in Kansas City's Economy? | CRE, Interest Rates & Lending Explained

In this episode of The Kansas City Market Pulse, host Logan Freeman sits down with Michael Iammarino, Senior Business Banking Relationship Manager at U.S. Bank, for a front-row view of Kansas City's business community, CRE market and lending environment.

Michael has been in banking for about 12 years and works with business owners, investors and developers every day.

Episode Highlights:

• Do Not Stop at No: There are about 3,000 banks in the U.S. and about 125 operating in Kansas City. A few nos do not mean a bad idea.
• The 2021 Refinance Wall: Five-year loans from the low-rate era are renewing at higher rates, forcing some owners to sell.
• Opportunity for Buyers: Those forced sales create openings for prepared buyers.
• Relationship Banking: Honesty and transparency go a long way, and bankers can help you get ready over 3 to 18 months.

Understanding what lenders look for is incredibly helpful for investors and business owners alike.

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