Monthly Archives: October 2016

Introducing Our New Multifamily Lending Division

kim-karen-croppedWe’re happy to announce that we have expanded our service offerings once again.

Multifamily properties represent an important part of the housing market, especially as cities become denser and land constrained. Grandpoint Bank and its divisions, Bank of Tucson, Regents Bank and The Biltmore Bank of Arizona, now has a multifamily lending division, managed by Senior Vice President Karen Kim.

According to Karen, 2016 is expected to be another good year for the multifamily sector due to favorable demographic trends and economic growth, based on the Multifamily Outlook study completed by Freddie Mac.

“Demographically, the strong multifamily market is further bolstered by Millennials and empty nesters, who are increasingly choosing multifamily over single-family residences in many cities,” Karen says.

Karen’s multifamily lending team is comprised of experts in multifamily lending who have previously worked at institutions that have produced a large volume of multifamily portfolios for the past two decades or more.

Multifamily property owners and investors can access three-, five- and on a very limited basis, seven-year hybrid loans from our bank, as well as a six-month ARM loans. Qualifying properties include five or more units in Class A or B buildings, with Class C-type properties considered on a deal-by-deal basis. As portfolio lenders — meaning most of these loans remain with our bank — we have more control over our products and pricing, which is a huge advantage.

We’re working with a network of seasoned mortgage brokers throughout the markets we serve to educate them about how Grandpoint Bank and its divisions can help their clients finance or refinance properties up to approximately $15 million in loan value. Karen and her team are currently cultivating additional mortgage broker relationships in Greater Los Angeles area, San Diego County, Ventura County, Orange County, Portland, Vancouver, WA, Greater Phoenix area and Tucson.

Please contact Karen to inquire about becoming an approved broker with Grandpoint Bank.  You can also ask her to connect you to an approved broker already working with Grandpoint Bank.

Karen H. Kim, SVP, Multi-Family Lending Manager or (213) 542-2727.



J&M Corporation – Part of our 20-Year History


This year marks Bank of Tucson’s 20th anniversary. We cannot express enough our gratitude to all of our wonderful clients and staff who have helped Bank of Tucson thrive. We’re proud of how many of our staffers have been with our bank for a long time, but we’d like to give special recognition to the five people who have been with Bank of Tucson since the doors opened. They are: Pat Taylor, Cathy Friggle, Debbie Samaniego and Mike Hannley.

As one of Tucson’s oldest community banks, Bank of Tucson draws upon deep roots in the region, to serve a wide range of small- to mid-sized, owner-operated business clients. To celebrate our anniversary, we’d like to tell you more about one client that has been with us for all of the 20 years we’ve been in business: J&M Corporation.screen-shot-2016-09-13-at-11-07-51-am

In 1978, the number one provider of Bluetooth® motorcycle headsets in the world today got off to a roaring start. It began on the road, when motorcycle enthusiasts and then-spouses John Lazzeroni and Melinda Carevich wanted to communicate with each other while riding. They realized their vision and co-founded J&M Corporation, a company devoted to developing, manufacturing and marketing the finest quality motorcycle audio products. In 1985, before Bank of Tucson was founded, John and Melinda began banking with now-retired Chief Credit Officer David Foust, and President Mike Hannley.  They were among our very first customers when we opened our doors in 1996, and they haven’t missed a beat.

In order to stay on the cutting edge of innovation when it comes to market research and product development, John and Melinda needed to purchase and work with the latest motorcycles and equipment. Initially, Mike helped them secure a line of credit for this purpose, while also taking the time to talk with John and Melinda to learn about their business and goals. This created the foundation of a banking relationship that has stood the test of time.

Over the years, Bank of Tucson has provided J&M with much more than credit. Mike and Senior Vice President Pat Taylor have also served as personal points of contact for many of J&M’s banking needs. It’s an advisory relationship characterized by mutual understanding and trust that is more like a partnership. Every year, J&M’s customers expect them to provide new products that offer the latest innovation, and Bank of Tucson has been able to assist John and Melinda with the financing services to make this happen. The Bank of Tucson team has also provided J&M with financing for the purchase of their office and manufacturing facility in Tucson, along with the branded semi truck they use to transport their products to riding rallies and prominent industry trade shows in Florida, Nevada and South Dakota.

As J&M has grown, Pat and Mike have been on hand every step of the way, providing overall banking advice, referrals to trusted professionals and financial insights to help John and Melinda grow their business and achieve their long-term goals. Today, J&M helmet headsets are known all over the world for their unsurpassed performance, innovative features and legendary durability. The company has evolved its offerings from the original two-way radios to helmet headsets, Bluetooth helmet headsets, HJC and Nolan helmets with headsets custom installed, ROKKER series speakers and amplifiers for Harley Baggers, Bluetooth cell phone integration, and a range of accessories. J&M products are compatible with a wide variety of leading motorcycle brands, and are distributed by an extensive network of authorized dealers across the United States and internationally. John and Melinda continue to operate in Tucson, where the year-round mild climate and community ties to the Bank of Tucson enable them to test and innovate their products on the road.

“I can tell you without hesitation that J&M Corporation would not be here today, without the help of the Bank of Tucson,” said John. “When the economic crisis came upon us all in late 2008, the Bank of Tucson stayed with us and helped us navigate thru the many financial challenges of that period. To this day, their caring and personalized service is what separates them from all other banks.”

Our bank is an integral presence in Tucson, and we are proud of the continued growth that we enjoy here, based upon forming mutually rewarding, long-term partnerships with our clients. Here’s to the next 20 years!


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