Berkadia Commercial Mortgage Reviews (1)
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Berkadia Commercial Mortgage Rating
Description: Mortgage Brokers
Address: 520 Sw Yamhill St # 414, Portland, Oregon, United States, 97204-1327
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Review: Berkcadia who is our Mortgage Handler has a reserve account set up at [redacted] for our commercial loan. It clearly states that they will pay interest on the reserve account equal to a money market account . Last year with over 140,000.00 dollars they paid 84 dollars in interest on the reserve account. The money market account at [redacted] is paying .05% which should have equated to approximately 700.00 dollars in interest. I have tried several times by phone and email to have them switch the money into this money market account with no success. This extra interest is to help fund my deceased daughters foundation.Desired Settlement: To get Berkcadia to switch the reserve account into [redacted] money market account that is paying the higher interest rate or Better yet switch the reserve account into [redacted] money market account that is paying 1% interest . I know it doesn't seem like alot of money now but the loan is for 10 years and over that period I could loose over 15000.00 dollars. Thank you in advance for your help.
Business
Response:
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