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  1. #1

    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!
    Mark
    BlackTieFunding.com
    Mark@blacktiefunding.com

  2. #2
    Senior Member Reputation points: 25799 Olderguy's Avatar
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    Irvine, CA
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    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

    Irvine, CA 92620
    steveprobiz@gmail.com
    https://probizloans.net/
    949.228.1050

    @ 24 hour funding working capital loans
    @ Term loans from 3 years to 10 years at 6% and up
    @ Equipment financing up to 6 years
    @ Property loans - Primary, Investment, commercial, land, fix and flip, construction.
    @ SBA loans - 7A and 504.
    @ Homeowner loan 2nd position- 15 year 8.99% no lien
    @ Private money equity and debt for major investments

  3. #3
    Mark, are you referring to World Business Lenders?

  4. #4
    Senior Member Reputation points: 25799 Olderguy's Avatar
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    Irvine, CA
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    Quote Originally Posted by MissouriBroker1 View Post
    Mark, are you referring to World Business Lenders?
    Yeah...

    https://www.wbl.com/
    Steve Benjamin
    Professional Business Loans

    Irvine, CA 92620
    steveprobiz@gmail.com
    https://probizloans.net/
    949.228.1050

    @ 24 hour funding working capital loans
    @ Term loans from 3 years to 10 years at 6% and up
    @ Equipment financing up to 6 years
    @ Property loans - Primary, Investment, commercial, land, fix and flip, construction.
    @ SBA loans - 7A and 504.
    @ Homeowner loan 2nd position- 15 year 8.99% no lien
    @ Private money equity and debt for major investments

  5. #5
    Senior Member Reputation points: 13505
    Join Date
    Jul 2014
    Location
    Jackson Hole Wy
    Posts
    629

    Quote Originally Posted by GTM View Post
    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!
    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

  6. #6
    Senior Member Reputation points: 34507 Jstarr's Avatar
    Join Date
    Nov 2014
    Location
    South Florida
    Posts
    836

    WBL is a horrible place to send RE deals.


    Quote Originally Posted by GTM View Post
    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!
    Jerry Starr
    Insource Funding
    433 Plaza Real, Ste 275 Boca Raton, Fl 33432
    P: 800-805-3391 Fx: 561-270-6895
    Jerry@insourcefunding.net | insourcefunding.net

    WHAT WOULD YOU DO " IF " YOU HAD THE CAPITAL

  7. #7
    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

  8. #8
    GMass is free to use and is a great way to increase your email deliverability. It has two main advantages over other warmup services. It is incredibly fast, allowing you to warm up your emails in a matter of seconds. Also, it sends emails to real, human addresses rather than to bots, which may damage your warm-up process https://folderly.com/
    Last edited by mickledang; 09-19-2022 at 09:17 AM.

  9. #9
    Senior Member Reputation points: 287130
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    anyone that does the under 100k like wbl does ?

  10. #10
    Senior Member Reputation points: 10
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    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

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