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While banks are due a fee when booking a swap to cover the element of risk, the borrower should be represented so that he may competently negotiate a reasonable price and then have access to live market data, which insures that the contract is concluded in accordance with negotiation. Take a look at how we have helped other commercial borrowers save hundreds of thousands of dollars in some of these interest rate swap examples!
Our Client had been presented with a Commitment Letter from its bank for financing on its retail center.
Borrower’s bank had quoted borrower and “indicative all-in fixed rate” of 5.15% for 5 years on a $9,000,000 loan.
At the time of execution of one of our client’s swaps, the borrower was on the phone with the bank and the swap trader.
Last minute transparency creates reductions…