Our approval process is a single phone call with WL Capital that will cover additional information. Typically we’ll be asking for:
1
Income and expenses for operating assets
2
Property's taxes & insurance info
3
Certificate of occupancy
4
How long you've owned the property
5
Credit report
* No tax return or income documentation required. Limited additional documents may be requested in specific situations.
03. Closing And Funding
Your deal closed and funded in 3 weeks.
Over the course of closing 4,600+ deals, we’ve gotten extremely efficient at going from issuing a term sheet to closing and funding. The proof is in the numbers. We track every single application, term sheet, and closing we’ve ever received...and our averaging closing time is < 10 days.
Capital deployed
$2.6B
Deals closed
4,600+
Average close
< 20 days
Triplex STR
75% LTV with with 5 year prepay
Loan Size
$725k
Loan Type
Refinance
We executed a 75% LTV cash out refinance on a short-term rental. We structured the loan as a 30-year with a 5 year pre pay at 5/4/3/2/1 , allowing the investor to have healthy cash flow over without bringing any capital.
4-Unit Townhome
70% LTV with $200K cash out at closing
Loan Size
$2.4mm
Loan Type
Refinance
We secured a 70% LTV cash out refinance for a client with debt coming due across a portfolio of condos that wanted access to additional equity. We closed quickly and cashed out over $200k for the client at closing.
Post-Renovation Duplex
70% LTV with with 3 year prepay
Loan Size
$800k
Loan Type
Refinance
We provided a 70% LTV rate and term cash out on an unoccupied asset to retire the existing construction debt which was 11%+. We structured the loan with a 3-year prepay to assist the investor in capitalizing on a falling rate environment.
12-Unit Building
68% LTV with 3 year prepay
Loan Size
$3.1mm
Loan Type
Refinance
We executed a 68% LTV cash out refinance for a client looking to avoid higher cost of capital in a rising rate environment. We structured a 30-year term with a 3 year pre pay. The project now boasts a 14% cash on cash returns.
32-Unit Building
Acquisition with complex factors
Loan Size
$6.2mm
Loan Type
Acquisition
We closed on the asset in a rising rate environment with an interest-only loan. The acquisition included the complexity of a leased cell tower and a 1031 Limited partner, but we managed to resolve all issues.
Triplex STR
75% LTV with with 5 year prepay
Loan Size
$725k
Loan Type
Refinance
We executed a 75% LTV cash out refinance on a short-term rental. We structured the loan as a 30-year with a 5 year pre pay at 5/4/3/2/1 , allowing the investor to have healthy cash flow over without bringing any capital.
4-Unit Townhome
70% LTV with $200K cash out at closing
Loan Size
$2.4mm
Loan Type
Refinance
We secured a 70% LTV cash out refinance for a client with debt coming due across a portfolio of condos that wanted access to additional equity. We closed quickly and cashed out over $200k for the client at closing.
Post-Renovation Duplex
70% LTV with with 3 year prepay
Loan Size
$800k
Loan Type
Refinance
We provided a 70% LTV rate and term cash out on an unoccupied asset to retire the existing construction debt which was 11%+. We structured the loan with a 3-year prepay to assist the investor in capitalizing on a falling rate environment.
12-Unit Building
68% LTV with 3 year prepay
Loan Size
$3.1mm
Loan Type
Refinance
We executed a 68% LTV cash out refinance for a client looking to avoid higher cost of capital in a rising rate environment. We structured a 30-year term with a 3 year pre pay. The project now boasts a 14% cash on cash returns.
32-Unit Building
Acquisition with complex factors
Loan Size
$6.2mm
Loan Type
Acquisition
We closed on the asset in a rising rate environment with an interest-only loan. The acquisition included the complexity of a leased cell tower and a 1031 Limited partner, but we managed to resolve all issues.
Triplex STR
75% LTV with with 5 year prepay
Loan Size
$725k
Loan Type
Refinance
We executed a 75% LTV cash out refinance on a short-term rental. We structured the loan as a 30-year with a 5 year pre pay at 5/4/3/2/1 , allowing the investor to have healthy cash flow over without bringing any capital.
Our clients come first
Over $2,600,000,000 deployed and our focus is still 100% on our borrowers.
We’ve been able to put billions to work because of our relationship with our borrowers. We continue to prioritize them above all else.
Inder J.
Developer & Investor
Exceptional customer service over the years. I was able to secure the financing I needed promptly and smoothly for several investment projects. I truly appreciate the dedication to ensuring a seamless experience and would highly recommend to anyone in need.
David L.
Investor
I found WL Capital to be outstanding - not only because of the competitive financing offered, but also their responsiveness. I cannot recommend WL Capital any higher and would gladly do business with them again.
Andres M.
Developer & Investor
I have worked with WL Capital on numerous projects the past few years, totaling approximately $10M+. Over the course of our time together, Zak completed seamless closings under tight time frames. Zak has proven he is a trusted asset to us time and time again.
The bottom line
We’ve put over $2.6B into 4,600+ deals. Yours is next.
It takes ~1 minute to pre-qualify for up to $10M that will be funded in 3 weeks. Let us help you achieve the next step for your business, like we have for thousands of others.