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6 Replies Latest reply: Apr 29, 2008 5:00 AM by Portola RSS

suggestion on commercial loan on Bank of America

roberthelp Newbie
Currently Being Moderated

Dear all,

I am looking for a commercial loan at fixed rate for 20 yrs from Bank of America. But the bank person can only tell me the interest rate if the loan were to close today. The actural rate at closing may be higher, depending upon the Bank's cost of funds and current interest policy. That means I don't know the interest rate until the closing day. Does that sound right?

Do you have any experience on it? Any suggestion is very wecomed. Thanks a lot!

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