Lima One Capital Pre-Approval Time

[Michael Hayes]

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.

[Michael Hayes]

@Michael Greene thanks for the response.  I finally got in contact with them and got approved.  That's what was so baffling to me.  I've read so many positive experiences, and even after calling a couple of times, it seems my file was still being pushed to the side.  One of the heads of Lima One saw this post and made everything happen next day.  I'm going to guess the underwriter was just backed-up with work.