Results 1 to 9 of 9
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11-26-2019, 12:12 PM #1Member
Reputation points: 941
- Join Date
- Dec 2018
- Posts
- 28
Wbl
Curious to know if anyone else has ever funded with them . Did a recent deal with them for $166,000, took about 2 months though. The rep I have is awesome but the company turn around took a little while to get the deal done. Curious to know who everyone else uses or their experience with WBL.
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11-26-2019, 12:18 PM #2Senior Member
Reputation points: 301165
- Join Date
- Jun 2015
- Posts
- 3,312
I have and find that one month will be the average
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11-26-2019, 12:47 PM #3Senior Member
Reputation points: 81657
- Join Date
- Mar 2014
- Location
- Florida
- Posts
- 2,868
Real Estate Transactions take longer to close. 60 Days you did well.
Originally Posted by tommyC
Dave Lambert, Business Development
dave@fcbankcard.com
Merchant Services Consultant
High Risk Merchant Payment Solutions
SBA 7(a) Loans & Short-Term Funding
T/VM: 727-291-7890
Office: 727-233-1111
Skype: fc-financial
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12-16-2019, 06:41 AM #4Senior Member
Reputation points: 51397
- Join Date
- Jul 2018
- Location
- London
- Posts
- 478
Title and due process take time.. collateralized / asset based deals aren't quick turnovers like an unsecured product. One month turnover is standard, you have to understand that you're basically in mortgage territory here.
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12-17-2019, 11:21 PM #5Senior Member
Reputation points: 16709
- Join Date
- Jul 2014
- Location
- Jackson Hole Wy
- Posts
- 720
Bank Commercial Transactions take long, not sure why WBL as a "hard" money advance lender would take 2 months. I know they do weird deals
If you have hard money real estate we can close those in 5-10 days. Commercial, Land, Office. NO SFR
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12-18-2019, 09:46 AM #6Banned
Reputation points: 179851
- Join Date
- Jun 2017
- Posts
- 2,049
In my experience Par got asset backed stuff done alot faster than WBL
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12-18-2019, 10:28 AM #7Senior Member
Reputation points: 503040
- Join Date
- Oct 2016
- Posts
- 4,319
Is WBL still getting tax credits from NJ to hire helpless people?
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12-18-2019, 10:28 AM #8Senior Member
Reputation points: 32977
- Join Date
- Dec 2017
- Posts
- 238
You're by far the only broker in the industry that promotes par brother. Originally Posted by ryan $
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12-19-2019, 10:11 AM #9Senior Member
Reputation points: 11927
- Join Date
- Aug 2017
- Posts
- 213
A month is standard, weather it's "fast track" or not..
FUND3R1
"Everyday is a bank account, and time is our currency. No one is rich, no one is poor, we've got 24 hours each. --Christopher Rice"
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