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Michael Hayes
Pro Member
  • Investor
  • Memphis, TN
227
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361
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Lima One Capital Pre-Approval Time

Michael Hayes
Pro Member
  • Investor
  • Memphis, TN
Posted Sep 1 2015, 15:51

Hello everyone.  I'm preparing to pickup some properties for my own portfolio and decided to check with Lima One Capital since it seems like they have a pretty good fix and flip loan program, as well as a great long term hold loan program.  Problem is, they are taking forever to get back to me.  I turned in all of my information to be pre-approved, and I have no doubts that I qualify, but I still haven't heard anything back from the underwriter handling my file, or the loan officer working with me.  I checked with them a couple of times, only to be told they would "get back to me as soon as possible."  It's going on 3 weeks now.  Has anyone else experienced slow turn around with Lima One pre-approval, or is this long wait to be expected.  I'm thinking of just contacting Lendinghome.  They seem to be comparable, but reviews say that they may be slow as well.

Thanks.

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