Jason Chess is a Commercial Banker at Signature Bank in Rosemont. He manages the banking relationships of privately held businesses, with a niche working with medical and dental practices. Jason has over 17 years of experience in commercial banking, with the last 3 spent at Signature Bank. He has undergraduate and graduate business degrees from the University of Michigan.
In this episode, Carl White and Jason Chess discuss:
- When going for medical office financing or dental office financing, keep communication open with your expert advisors
- Why should you get an expert’s advice?
- Dealing with condominium associations
- Purchase price and appraisal value
Key Takeaways:
- Keep communications open and honest, always seek the advice of experts. These people would typically be your banker, attorney, and CPA. You will also want to allow 45-60 days for a closing once you’ve engaged with your banker.
- Getting an expert’s advice and guidance on medical office financing or dental office financing to make sure that nothing slips through the cracks is the best way to go. You’ll save yourself a lot of money and save yourself from huge inconveniences.
- Condo associations can have a huge impact on your out of pocket costs. Always check if the property you’re looking at has a condo association - if there is one, make sure that you understand all their rules and guidelines.
- Make sure that your purchase price is similar to it’s appraised value because the bank will fund the lower of those two. If the purchase price is higher the difference will be paid out of your pocket.
“You want to make sure you’re surrounding yourself with people that have expertise and keeping communication with them. The three main people are your commercial banker, your attorney, and your CPA.” - Jason Chess
Connect with Jason Chess:
Website: https://www.signaturebank.bank
LinkedIn: https://www.linkedin.com/in/jasonchess/
Phone: 847-309-2856
Twitter: https://twitter.com/SignatureBnkChi
Connect with Carl White:
Website: www.marketvisorygroup.com
Email: [email protected]
Facebook: https://www.facebook.com/marketvisorygroup
YouTube: https://www.youtube.com/channel/UCD9BLCu_i2ezBj1ktUHVmig
