Tag Archives: private banking

loan programs - chateau on central

Banks Targeting Loan Programs For Busy Physicians; Providing Relief, Convenience

The Chateau On Central is one of the few residences in Downtown Phoenix that offers both convenience and ‘live-work’ space, and banks are offering special loan programs aimed to assist medical professionals acquire these homes.

Doctors work around the clock, saving lives day in and day out. With some of the most renowned hospitals in the nation — including Barrow’s Neurological Institute, Phoenix Children’s Hospital and Banner Good Samaritan — Downtown Phoenix is at the heart of Arizona’s medical industry.

With the highest density of medical facilities in the state, the city has become saturated with doctors and physicians who want a fast and hassle free commute. These practitioners, many of which are surgeons are investing approximately 60-80 hours a week at the hospital.

The growing demand for lock and leave residences among this busy demographic has been proven through the incredible condominium sales in Phoenix. With downtown communities rapidly selling out, Chateau On Central is experiencing a wave of interest from doctors whose needs surpass what neighboring communities are offering.

loan programs - chateau on central 2To accommodate such a large influx of medical professionals capitalizing on downtown’s best properties, banks, such as National Bank of Arizona, have begun to offer specialized loan programs to medical professionals. The program introduces a new opportunity to service medical professionals in Arizona with a 95% loan-to-value option on a new home purchase or the refinancing of an existing home, with financing available up to $1.2M.

This program is exclusive to clients who qualify for Executive Banking or Private Banking with National Bank of Arizona. Both divisions within the organization will be dedicating resources to develop and grow this niche segment of business.

“At National Bank of Arizona, we believe that our specialized loan program for physicians is a great opportunity for doctors to purchase or refinance their primary residence and take advantage of these record low interest rates,” said Paula O’Neal Wichterman, vice president of National Bank of Arizona’s Medical Private Banking Division. “An added benefit is that NB|AZ provides physicians with concierge style banking by a dedicated relationship manager who can work around their busy schedules to ensure their loan and banking needs are met.”

For physicians seeking the convenience of a lock and leave lifestyle, as well as the potential for ‘live-work’ space, Chateau On Central is one of the few residences in Downtown Phoenix that offers both of these unique features. These exclusive vertical living townhomes, zoned for mixed-use residential, feature interior private elevators that service five separate levels, making the homes extremely well suited for the dual purpose approach to the “live-work” concept.

 “Over the years I’ve worked with countless doctors who all share very similar needs regarding their lifestyle necessities in purchasing a home. The top priority is always convenience and the Chateau On Central community never fails to impress and surprise medical professionals who want the best of both worlds, ease and luxury,” said Keith Mishkin, owner of Cambridge Properties, broker of record for Chateau On Central. “Purchasing homes of this quality has become easier now since banks have begun offering special home loan programs aimed to aid doctors in the home buying process.”

For more information on loan programs at National Bank of Arizona, visit National Bank of Arizona’s website at nbarizona.com.

banking program

National Bank Of Arizona Introduces New Medical Banking Program

National Bank of Arizona’s Wealth Strategies division is pleased to announce the launch of the new Medical Banking Program at National Bank of Arizona.

The banking program introduces a new opportunity to service affluent medical professionals in Arizona with the launch of a new loan program providing a 95% loan-to-value option on a new home purchase or the refinancing of an existing home. This banking program is exclusive to clients who qualify for Executive Banking or Private Banking with National Bank of Arizona. Both divisions within the organization will be dedicating resources to develop and grow this niche segment of business.

Suzy Powell will move to the position of Medical Banking Relationship Manger for the organization’s Executive Banking division. With more than 30 years of experience, Powell brings a broad range of banking knowledge to the position, including information in trust services, estates and private banking. In her new role, Powell will be responsible for acquiring new physician relationships for National Bank of Arizona.

Paula O’Neal Wichterman recently joined National Bank of Arizona as Vice President for Private Banking at the Gainey Ranch location. In this role, she is responsible for increasing NB|AZ’s focus on the physician banking market, in addition to contributing to the Private Bank’s overall strategy, growth and performance. Before joining NBAZ, Wichterman spent the last nine years in various advisor roles for MidFirst and Compass Bank in both private banking and credit administration.

With continued development of this arm of business for National Bank of Arizona, medical professionals will have the opportunity to work closely with a financial planner to assess their current financial plans and future goals; providing an important growth strategy for the organization. Similarly, National Bank of Arizona’s Mortgage Department also will offer a Physician 30-year loan for medical professionals.

For more information on National Bank Of Arizona and their new medical banking program, visit National Bank Of Arizona’s website at nbarizona.com.