Want to refinance commercial bldg, but ALL banks want horrendous fees! Help!!?

One Response to “Want to refinance commercial bldg, but ALL banks want horrendous fees! Help!!?”

1. Sharon R says:

   October 18, 2010 at 2:11 pm

   i recently did this myself. i didn’t refinance but i opened up a large credit line…. i had been with this bank for 10 years. had multi million dollar investments with them. as an agent and an investor did every sale with them for 10 years. they never needed anything before but last October when i wanted to increase my credit line, they required everything you mentioned… appraisal, tax returns, blah blah blah. again i was like you, always on time with taxes and mortgage payments…. have a high credit score… they didn’t care. the market turned and they were forced to do the same.
   let me tell you though, banks that do this are the banks you want to go with because they won’t be going out of business anytime soon. by them making sure their butts are safe, they are ensuring that your butt is safe.
   just make sure you get a copy of the appraisal for your own records. by law if you pay for it, you can have it.

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