Suntrust
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  1. #1

    Suntrust

    Have a client who claims Suntrust will do a global refinance of an extremely large amount of unsecured debt including (but not limited too) cash advances, 4 unsecured term loans totaling 3.5 million. Also there is a 3.5 million dollar secured refinance on his property with a 500k LOC. Just seems like an extremely large deal for a client with volatile borrowing history. Just seems like a banker promising the world to get the deposit account, but I’ve been wrong in the past and I’ll be wrong in the future.

  2. #2
    Senior Member Reputation points: 338265
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    Quote Originally Posted by LondonTeaParty View Post
    Have a client who claims Suntrust will do a global refinance of an extremely large amount of unsecured debt including (but not limited too) cash advances, 4 unsecured term loans totaling 3.5 million. Also there is a 3.5 million dollar secured refinance on his property with a 500k LOC. Just seems like an extremely large deal for a client with volatile borrowing history. Just seems like a banker promising the world to get the deposit account, but I’ve been wrong in the past and I’ll be wrong in the future.
    A little shocked that SunTrust would be this aggressive since they are in the midst of a merger. A bunch of community banks are pretty aggressive these days....
    Kevin Henry
    VP-Business Development
    Seacoast Business Funding, a division of Seacoast Bank
    561-850-9346
    Kevin.Henry@SeacoastBF.com
    1880 N Congress Ave., Suite 404
    Boynton Beach, FL 33426



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