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Updated about 2 years ago,

Ellie Narie's profile image
Ellie Narie's profile image
Ellie Narie
  • Investor
  • from Ashland, OR
  • Member since Jan 30, 2018
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User Stats

201
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37
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Ellie Narie's profile image
Ellie Narie's profile image
Ellie Narie
  • Investor
  • from Ashland, OR
  • Member since Jan 30, 2018
Connect
Ellie Narie
  • Investor
  • Ashland, OR
37
Votes |
201
Posts
Commercial Real Estate Investing

Is loanbud legit? Commercial SBA lender asking for wire.

Ellie Narie
  • Investor
  • Ashland, OR
Posted

I'm curious if this company is legit. They offer SBA financing for 100% (secured by business property), but they want an upfront wire of several thousand. They have their nmls numbers and everything. My real estate agent says they sound legit and their letter of commitment looks official. 

Should I be worried that they're asking for an upfront wire? Is this common in commercial/sba lending? 

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