Rim Semiconductor Company (fka RSMI)

[GrooveMaster]

The company I work for does commercial loans. We are new at it about 6 months. The head guy ironically (on Friday) just walked into my office to let me know that we are now putting in a fee up front. He said we have missed out on $70,000 so far, and mostly have helped a bunch of people to negotiate their loan rates down against other banks. In other words in that arena you are dealing with business people with no allegiance and in essence without doing that you will make nothing .....notta.....zip......zilch.......0

I saw an article recently that said that Don Trump needed to refinance his Atlantic City Casinos. I cannot recall exactly the rate that the article let out that he had but it was around 10%. My initial reaction was my company would be able to find a deal to beat that. Then as I thought about it I wondered how his interest rate ever made to the paper. I also figured by the end of the next week he would probally have every lender in the country calling him. Well he is a very select case....what do the rest of the business people do....their very best. What do the lenders do after about 6 months into it.....they add a fee up front to look at the deal.