WDB Funding, LLC


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wdb

Phone: 888-852-1522

Phone 2: 801-456-3284

Email: info@wdbfunding.com

Website: http://www.wdbfunding.com

Address: 2691 S Decker Lake Lane West Valley City, UT 84119

States They Lend In: Alabama, Arizona, Arkansas, California, Colorado, Connecticut, Florida, Georgia, Illinois, Indiana, Iowa, Kansas, Kentucky, Louisiana, Maryland, Massachusetts, Michigan, Minnesota, Mississippi, Missouri, Nebraska, Nevada, New Jersey, New Mexico, New York, North Carolina, North Dakota, Ohio, Oklahoma, Pennsylvania, South Carolina, Tennessee, Texas, Utah, Virginia, West Virginia, Wisconsin

 

As a Premier Product Innovator, WDB Funding offers Business Purpose Hard Money and Alternative Equity (Soft Money) loans through a streamlined, fast-funding loan processing system that meets the needs of even the most credit-challenged borrowers.

 

 The Programs

 

• Business Purpose – Purchase & Refinance

• Non-Owner Occupied Properties Only

• Apartment Buildings

• Retail

• Mixed-Use

• Fix & Flip / Hold

• Seller Carry Back

• 1 – 4 Units

• Residential Income Properties

• Light Industrial

• Warehouse

• Foreign National

• High LTV

• Non-Arms Length

The Basics

• Loan Amounts between $75K and $1.0MM

• Larger Loan Amounts +$1.0MM / Case-by-Case Basis

• Property Value Established Through a Broker Price Opinion

• LTV up to 70% for Purchase Transactions

• LTV up to 65% for Cash Out Refinance Transactions

• Loan Terms: 6 to 36 months • Origination Fee: 2% to 4%

• Rates: 9% to 15%

• Extensions Negotiable

• First Liens Only

• Interest Only Payments

• No Foreclosure or Bankruptcy within the last 24 Months

• Challenged Credit – Okay

The Products

  •  Purchase / Refinance
  •  Rehabilitation/ Fix&Flip
  •  High LTV
  •  Seller Carry Back
  •  Non-Arms Length
  • Foreign National

 

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