TexasBank is excited to announce some good news in the wake of all of the devastation brought on by Hurricane Harvey. The bank is pleased by the new addition of successful professional, Donald “Donnie” Ivey, as the new Vice-President of Commercial Lending in Texas at the bank’s Brownwood location. Ivey brings years of experience and gives the state of Texas hope after the southeastern part of the state was damaged by Hurricane Harvey.
Bringing over 20 years of experience in commercial lending in Texas, Mr. Ivey is also a 1994 graduate from local Texas Tech University. His new position was just announced last month on August 21st, but CEO and President of TexasBank, Greg Dodds, is already thrilled to add Ivey to his team. Mr Dodds is extremely eager to see what is in store for the company with Ivey on board as a significant leader.
TexasBank is one of the top leaders when it comes to commercial lending in Texas. With Ivey bringing not only experience, but existing relationships among many professionals in the lending and banking industry throughout the community, TexasBank is hoping to use those connections to strengthen and grow across the state. Ivey is a valuable asset that will only help TexasBank expand and assist more customers across the Lone Star state.
The full-service community bank has 8 locations across the state of Texas and they consider themselves a financing institute providing quality service to the communities throughout Texas. The bank is hoping that the addition of Ivey will make them stand out even more to the community.
With commercial lending in Texas on the verge of trouble, this is good news for the state
Before Hurricane Harvey hit, commercial lending in Texas wasn’t quite thriving. The state saw the highest vacancy rate since 1994, with commercial vacancy rate of around 19 percent. The entire banking industry has been working diligently on bouncing back from this and things will become harder now since they also have to deal with the devastating aftermath from Hurricane Harvey, which produced severe flooding across the southeastern portion of the state. Having an experienced lender like Ivey join TexasBank brings some positive vibes and adds optimism to the industry when it comes to their recovering efforts.
Commercial lending in Texas needs to meet high expectations after Hurricane Harvey to help the industry recover quickly
Luckily, many in the lending and banking business expect the economy to recovery quickly for the Houston area that were impacted the hardest by Hurricane Harvey. It won’t be an easy road, but with the help of lenders and banks around the area, the area can hopefully recover faster than some fear. It is advised that local commercial businesses take advantage of the help that these local banks and lenders are offering and feel free to ask questions and seek assistance in any way they need.
Level 4 Funding LLC Private Hard Money Lender
Arizona Tel: (623) 582-4444
Texas Tel: (512) 516-1177
Dennis@level4funding.com NMLS 1057378 | AZMB 0923961 | MLO 1057378
22601 N 19th Ave Suite 112 | Phoenix | AZ | 85027
111 Congress Ave |Austin | Texas | 78701
About the Author: Dennis has been working in the real estate industry in some capacity for the last 40 years. He purchased his first property when he was just 18 years old. He quickly learned about the amazing investment opportunities provided by trust deed investing and hard money loans. His desire to help others make money in real estate investing led him to specialize in alternative funding for real estate investors who may have trouble getting a traditional bank loan. Dennis is passionate about alternative funding sources and sharing his knowledge with others to help make their dreams come true. Dennis has been married to his wonderful wife for 42 years. They have 2 beautiful daughters 5 amazing grandchildren. Dennis has been an Arizona resident for the past 40 years.
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