I worked with a banker from First National Bank with assurance that they will procure a commitment letter and refinance on the hospitality asset. After nearly 2 months of providing documentation on a very high cash flowing asset, said we don’t do hospitality loans. This could have been told to me in a single day. What do they do, they apologize, which doesn’t cover my loss of time and loss of another banks commitment and rates are now up. Do Not Do Business with this bank. The worst part about this is that I let go of another bank’s commitment letter. Take your business to Fleetwood Bank, Spiro Kasapidis. ~Dave
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