If I had to do it all over again, I would find a better commercial mortgage advisor to help us with the loan we got to buy the office building for our record store. The advisor we found did not even check out other offers that contained better mortgage rates for us.

We were just told that this was the best commercial loan he could get for us because of our poor credit. We had no option but to sign all of the paperwork for the commercial mortgage he presented to us because there was another buyer interested in the office, and we did not want to lose it.

When we went back to refinance the loan a year later, the gentleman that had helped us prior, did not work for that company any longer. Apparently, he had only made loans for all of his customers to one company because they would give him kickbacks for closing the deals with them. He never went after other companies that would have offered his customers better mortgage rates because of the cash he was earning under the table.

We were compensated for the past service that we had received from that company when they had to pay back all of the extra money that we had paid over the year for having a high interest rate than we should have.