Everyone wants to know: when will we see a reduction in interest rates? Jesse’s answer might surprise you.
Jesse Stakes isn’t just anyone, he’s the Commercial Relationship Manager at One Florida Bank and the host of the Making Cents of It All Podcast. Jesse has lived in Jacksonville his whole life and has worked in banking, commercial banking specifically, for a lot of that time. He’s seen our city through a lot of changes and he brings to light an important and fundamental aspect of our market - and that’s insulation.
This week we get to hear about the other side of the commercial investment process: lending. Jesse breaks down how banking concerns have changed since 2021 (it’s changed a lot in that short time), and what you need to do as an investor NOW to help your banker when that juicy deal comes along in 2024.
Jesse talks about:
Heavy net migration to Jax and what it means for investors
Bank’s position on loan modifications
The state of Non-Recourse loans
How to have a great lending experience
And, locally:
Why Jacksonville is home
His favorite restaurant(s): Sierra Grill in Atlantic Beach and Cielo Azul in Southside
His Jax gem: Hyde Park Golf Club, Jacksonville’s oldest public course
Local Business Highlight: Vision is Priceless
Tell us: what did you think of the new show format? If you enjoyed it, do you mind leaving us a rating and review in Apple Podcasts or telling a friend about the show? Our goal is to be an indispensable resource for commercial, industrial, office, and multifamily investors in greater Jacksonville, Florida.
Connect with Jesse:
His Podcast Making Cents of It All
Connect with Ian:
https://investwiththecoach.com/
@yieldcoach on socials
Theme music provided by: The Firewater Tent Revival