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I have a customer who is looking to refinancing a gas station and an investment property in AZ. They have a short sale on their cr

I have a customer who is looking to refinancing a gas station and an investment property in AZ. They have a short sale on their credit report and they have a 680 credit score. Do you have anything for them? by rk123_781_140 from Brooklyn, New York. Mar 18th 2013 Reply


William J Acres (William_Acres)
#1 ranked lender in Arizona - 8,455 contributions

the best resource for commercial loans is www.scotsmanguide.com Without knowing all the particulars it's hard to say right off, but so long as the borrower has sufficient reserves, you should not have a problem... I'm a Broker here in Scottsdale AZ and I only lend in Arizona. If you or someone you know is looking for financing options, feel free to contact me or pass along my information. 480-287-5714 WilliamAcres.com

Mar 18th 2013
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Charlie Sparks (CharlieSparks)
#9 ranked lender in New Mexico - 397 contributions

Don't think so but am checking to be sure. I will post an update later today.

Mar 18th 2013
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SHAHROKH CHARLES BEROKHIM (mortgageusa)
#88 ranked lender in New York - 67 contributions

No....sorry

Mar 18th 2013
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SHAHROKH CHARLES BEROKHIM (mortgageusa)
#88 ranked lender in New York - 67 contributions

No..sorrybut no-0ne will stop you to sell the property to someone else . You know what i mean?

Mar 18th 2013
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Peter Savino (855411LEND)
#101 ranked lender in New Jersey - 332 contributions

need more information on the short sale - give me a call 855 411 LEND Peter Savino

Mar 18th 2013
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Matthew De Weese (Pacific1Lending)
#822 ranked lender in California - 55 contributions

If the customer did not go delinquent on their old mortgage before the short sale, I would assume there are some options available. Historically, short sales have been reported on the seller's credit report the same way that a foreclosure would be, often making it impossible for the seller to aquire a new mortgage to buy a new property until after a "seasoning period". We will need more information regarding the short-sale, or to know what is on the credit report.

Mar 18th 2013
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Dave Metsker (DaveMetsker)
#37 ranked lender in Oregon - 2,317 contributions

I have no investors for gas stations.

Mar 18th 2013
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Charlie Sparks (CharlieSparks)
#9 ranked lender in New Mexico - 397 contributions

Our commercial division gave me a 'maybe'. Of course we need more information so please email or call for details. csparks@gencormortgage.com 505-350-3745 Thank you.

Mar 18th 2013
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Andrew Alfonso (CashCow)
#44 ranked lender in Florida - 271 contributions

Dont believe so friend - sorry. Andrew

Mar 18th 2013
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George Dokos (georgedokos@movementmortgage)
#58 ranked lender in Virginia - 25 contributions

That is strictly a commercial loan. If you have a residential loan in VA. please feel free to give me a call. Regards George 757-771-8862

Mar 18th 2013
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