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Author Topic: Investwell feedback  (Read 3736 times)

Offline zeekerette

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Investwell feedback
« on: June 26, 2007, 01:54:10 pm »

Has anyone used Investwell for a rehab loan?  Any feedback would be appreciated.

Offline zachj

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Re: Investwell feedback
« Reply #1 on: June 27, 2007, 01:46:34 am »
Ive referred clients to them, one funded and the other fell through.   You might give them a try but i think they are a bit slow.
Zachary Johnson
Commercial & Residential Loan Specialist
100% financing, Rehab Loans, Hard Money, Construction & Development Loans Internationally
Windsor Capital Mortgage Corp.
office: 619-822-2909 (SEE PROFILE FOR EMAIL ADDRESS), www.propertyloanrates.com

Offline Investment Loans

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Re: Investwell feedback
« Reply #2 on: June 27, 2007, 11:25:07 am »
I've got a great contact over there that can really help speed things up and make sure the process is done smoothly.

I refer them to clients as well.
To Our Success!
Ben Carmona * Consultant * ALL STATES * www.BenCarmona.com * 314-914-6052
1-4 Unit Investment Properties
Hard Money Rehab Loans * 24hr/1 day double close funds * Portfolio/Commercial/Business Options * No Seasoning Refis

Offline zeekerette

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Re: Investwell feedback
« Reply #3 on: June 27, 2007, 11:41:23 am »
I've got a great contact over there that can really help speed things up and make sure the process is done smoothly.

I refer them to clients as well.
\

Ben,  How did it go for your clients and how was the turnaround on payments?



Offline zeekerette

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Re: Investwell feedback
« Reply #4 on: June 27, 2007, 11:45:05 am »
Ive referred clients to them, one funded and the other fell through.   You might give them a try but i think they are a bit slow.

Zach,

Why did the one deal fall through?  Were the numbers feasible?

Offline Investment Loans

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Re: Investwell feedback
« Reply #5 on: June 27, 2007, 11:56:01 am »
I've got a great contact over there that can really help speed things up and make sure the process is done smoothly.

I refer them to clients as well.
\

Ben,  How did it go for your clients and how was the turnaround on payments?




Went well for them.   Are you asking how the draw process went?  Then -Ok
To Our Success!
Ben Carmona * Consultant * ALL STATES * www.BenCarmona.com * 314-914-6052
1-4 Unit Investment Properties
Hard Money Rehab Loans * 24hr/1 day double close funds * Portfolio/Commercial/Business Options * No Seasoning Refis

Offline zeekerette

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Re: Investwell feedback
« Reply #6 on: June 27, 2007, 12:56:15 pm »

Yes, I meant the draw process. 

thanks Ben.  I will PM you.

Offline REI4ROI

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Re: Investwell feedback
« Reply #7 on: June 29, 2007, 04:00:46 am »
Yhis investor has recently changed their guidelines (June 7th)---here are some of the recent changes they have made to their guidelines are: 

- Down payment which is incremental based upon FICO (old guidelines didn't require this). 
- Provide W-2/1099 info (prior guidelines allowed investors to fund with just a valid license, two bankstatements and a copy of your SSN card).
- Increased min. FICO requirements changed from 550 to 575

One the positive side, they now allow the escrow of monthly payments...

I've been working with Investwell for over 10 years and I escalate/elevate any issues I have with submissions to the senior partner. 

Good luck!

Regards,

Scott Miller
RE Investment Advisor
Weichert Realtors
[email protected]

 




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