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.