I have a current mortgage that is coming due with Bank of America here in Phoenix, and after meeting with my loan officer he advises me that that can do nothing further and are calling in my note to be paid in full.
Knowing that's not possible to come up with a $2.5 million note, I called around to variouse banks and got the same run a round as major banks are not lending any money in the commercial market.
Jeff Pordes from USA Mortgage was the only one who was able to sit down with me and understand my needs and work out a plan of action that was suitable to live with.
After 3 months, Jeff Pordes was able to secure a $2.5 million loan for my business that otherwise would have ended up in a foreclosure situation.
My many thanks to Jeff Pordes of USA Mortgage for saving my business and gaining my trust.
Mary Ann Worth
I run a large development company here in the Phoenix area, were international in scope, and have been in business for over 27 years here.
I've had excellent relationships with the major banks here Arizona, and have really never had problems in obtaining a loan for my project until recently.
As a result of the financial meltdown, major banks have tighten their belts basicly not lending any money regardless of the relationships they've had with you and the amount of time you been doing business with them.
In any case, a good friend of mind recommeded from a major financial institution here Jeff Pordes of USA Mortgage indicating that this guy can produce magic. Well after meeting with Jeff and sitting down and explaining what I was attempting to do, Jeff later came up with an excellent plan with an LTV and down payment I could deal with and with that we had a business transaction that was a win/win situation for all concern.
Jeff Pordes was able to secure a $74 million loan for a new hotel project that will break ground here shortly.
My kuddos to Jeff Pordes and USA Mortgage for coming through for me when all others failed.
WR Grace Construction Development Corporation
Had a commercial loan that i needed to get done, I've been turn down by various banks in the Phoenix metro area.
I was given the name of Jeff Pordes who came highly recommended by 4 other respected bankers in Arizona, who were unable to assist me due to the financial crisis where all facing. They ALL indicated to me that if anyone can get the job done for you, it would be Jeff.
Jeff, through his extensive knowledge of the mortgage business and various contacts worldwide, he was able to secure a commercial real estate loan in the amount of $24 Million for a 125 room hotel in the Palm Springs, Calif. area.
The most important factor here was Jeff was extremely stright forward in his approch, a no nonsense type of guy, with a tremendous amount of integrity who is truely respected among his peers.
In the 30 years I'm been investing in commercial real estate I've never met anyone with the tenacity that Jeff Pordes exhumes. The bankers were right, Jeff was able to get the job done and within the time frame I requested.
He comes highly recommended in my eyes.
President-Santel Development Corp.