Results 1 to 9 of 9
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07-24-2022, 04:04 PM #1
- Join Date
- Oct 2021
- Posts
- 56
WBL and similar products
I've been submitting some deals to WBL, and so far, it's a pretty simple process. As our network grows, we have more need for alternative products (MCA already covered). Any insight into getting the following style deals done would be super helpful!
1. Deals similar to WBL. Are there any other similar products that I should be comparing offers with? This would be for deals that are based on business, but the funding is on real estate equity.
2. Loans based on the property for non-business owners. I.e. Client has a job making 100/200k+ salary and has tons of equity in real estate. They can't go to a bank bec of credit or time constraints.
3. Specific for the construction agency. I have clients that have contracts that require they have x amount of working capital. If they can't show that x dollar amount, they will lose the project. Even if I give them an MCA it's not enough to cover the required amount. Basically, looking for deals that can be based on incoming contracts.
Thanks!
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07-25-2022, 09:11 AM #2
1. Hard money property loan as alternatives to WBL or Ironwood....problem it's not fast....takes 1 - 2 months. Rates are like around 11% annually interest only.
https://dailyfunder.com/showthread.p...or-Real-Estate.
https://dailyfunder.com/showthread.p...ositions-1-25M
2. You can get hard money loan on property using no doc loan - thus doesn't need to be a business owner. Just needs to be non owner occupied purchase or refi. You can also get personal loans for salaried people. Can also get business credit card for start up business as well.
https://dailyfunder.com/showthread.p...270#post168270
3. See if they qualify for a term loan. Maybe factoring? Maybe A/R? Look into purchase order financing. Any assets available for ABL?Last edited by Olderguy; 07-25-2022 at 03:23 PM.
Steve Benjamin
Professional Business Loans
522 Contessa
Irvine, CA 92620
steveprobiz@gmail.com
https://probizloans.net/
Broker, Underwriter, general business loan expert
949.228.1050
@ 24 hour funding working capital loans
@ Term loans from 3 years to 10 years at 9.5% and up
@ Equipment financing up to 7 years
@ Property loans - Hard Money and traditional - Primary, Investment, commercial, land, fix and flip, construction.
@ SBA loans - 7A and 504.
@ Private money equity and debt for major investments
@ Personal Loans up to gross income from personal tax return.
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08-04-2022, 01:54 PM #3
- Join Date
- Jun 2020
- Location
- Missouri
- Posts
- 59
Mark, are you referring to World Business Lenders?
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08-04-2022, 03:33 PM #4
Yeah...
https://www.wbl.com/Steve Benjamin
Professional Business Loans
522 Contessa
Irvine, CA 92620
steveprobiz@gmail.com
https://probizloans.net/
Broker, Underwriter, general business loan expert
949.228.1050
@ 24 hour funding working capital loans
@ Term loans from 3 years to 10 years at 9.5% and up
@ Equipment financing up to 7 years
@ Property loans - Hard Money and traditional - Primary, Investment, commercial, land, fix and flip, construction.
@ SBA loans - 7A and 504.
@ Private money equity and debt for major investments
@ Personal Loans up to gross income from personal tax return.
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08-08-2022, 02:23 PM #5
- Join Date
- Jul 2014
- Location
- Jackson Hole Wy
- Posts
- 730
We have real private money and hard money programs. Location specific. NO owner occupied residential properties.
Loans from 500k-10M.
www.omegafund.com
bzuniga@omegafund.com
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08-18-2022, 03:39 PM #6Jerry Starr
Insource Funding
433 Plaza Real,
Boca Raton, Fl 33432
P: 800-805-3391 Fx: 561-270-6895
insourcefunding.net
WHAT WOULD YOU DO " IF " YOU HAD THE CAPITAL
◆ 50% LTV - No Fico Required
◆ 90% CLTV on Purchases
◆ Investment Residential / Commercial Properties
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09-02-2022, 09:06 AM #7
- Join Date
- Oct 2017
- Posts
- 62
If anyone is looking for a hard money asset based loans, we at capfront have a new program for deals 1m-40m+ range. Can 9-10% interest only rates going up to 70% LTV. We are also doing construction loans for anyone building out their property released in tranches with the same rates. Please reach out to G.broytman@capfrontfunding.com to discuss this and any other of our programs
CapFront
210 Old Country Rd, Ste 101
Garden City, NY 11501
P:844-466-6394
info@capfront.net
www.capfront.net
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09-07-2022, 10:10 AM #8
- Join Date
- Jun 2015
- Posts
- 3,325
anyone that does the under 100k like wbl does ?
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09-12-2022, 10:49 PM #9
- Join Date
- Mar 2016
- Posts
- 123
Wbl
WBL is like 35% LTV at 24% interest rate.
Why bother????Mike Lewis - commercial real estate loan broker / owner
No up front fees loan broker
Commercial real estate loans: Acquisition, refinance, construction and FAST bridge loans from $200k +
tel/voicemail: 937-964-5355
cell/voicemail: 440-637-5646
corporate email: mikelewis@michaellewisgroup.com
www.linkedin.com/in/cigarmike
Veteran Owned
WE CO-BROKER with an even 50/50 split and we both get paid by wire at close.
We issue a combination mutual NDA / fee split, you introduce your CRE clients to us stating simply we handle your commercial real estate loans, we take it from there and keep you in the loop. When a loan you referred closes, you get paid at close by wire.If you can work with that please do not hesitate to contact us. Our loan forms are vanilla with no company name.
Michael Lewis Group Commercial real estate loans
http://michaellewisgroup.com/index.html
Loan Matrix
Forms
About Us
Discounted cell phone plans starting at $15 / month. AT&T from $30/mo, T-Mobile from $15/mo, Verizon from $35/mo.
http://arthodyd.com/d.html
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