Forums » Ask About A Real Estate Company » Wachovia commercial lending

Wachovia commercial lending 7 posts by 6 users

G. C.

13 posts

Posted: 03/11/2008 at 10:54AM

I've heard good and bad things about Wachovia. They are fairly new here in So. Cal, so I'm not up to speed on them.

Anyone have an opinion?

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Robert S.

Real Estate Investor
Anchorage, Alaska

20 posts

Posted: 03/12/2008 at 03:17PM

global,
if ever in doubt
the better business bueru, is one to(bbb)
so if this can help you

Joshua D.

BiggerPockets Founder
Denver, Colorado

Author

5565 posts

Posted: 03/12/2008 at 03:21PM

One of the largest banks in the country. They are stable and quite wel-known around the US. They may have exposure to sub-prime, but who doesn't, right?

I'm not sure how old the data on this site are, but the link below shows Wachovia as being the 3rd largest in the USA:
http://nyjobsource.com/banks.html

G. C.

13 posts

Posted: 03/13/2008 at 09:28AM

Thanks!

Eduardo F.

Real Estate Investor
Los Angeles, CA

20 posts

Posted: 04/17/2008 at 04:56PM

Wachovia just raised $7 Billion from existing shareholders and cut their dividend. They will survive!!! I just saw a new branch in Santa Monica and new billboards off the 10 fwy. They definitely want to enter this market.

Ralph L.

Doylestown, PA

55 posts

Posted: 06/03/2008 at 04:41AM

I deal with them here in PA. Their customer service and attention to detail is their strong point. This is very impressive considering their size. I would say that this distinguishes them from other large banks. Smaller banks may not offer the resources or programs you need. Customer service from a large bank with resources -- I consider them to be a unique package in terms of getting the job done with the least amount of anxiety.

Michael L.

Real Estate Investor
Glendale, CA

5 posts

Posted: 07/24/2008 at 07:34PM

As you may now know, W. is having trouble... losse$ and lay offs.