Realty411 Magazine Featuring Scott Meyers | Page 75
What’s New with Wildcat
management before striking out at the Senior Vice
President of a community bank. Then being driven to
create even more efficiency and better service for
investors, he joined Wildcat.
When we say Wildcat is fast, we mean really fast, and
it is one of the advantages that is helping them scoop up
more market share. Kevin says they can close deals in as
little as 24 to 48 hours. In fact, when another lender
recently turned down a house flipper’s loan in the middle
of a deal, Kevin’s team stepped in and got the file from
start to closing in a ridiculously fast four and a half
hours.
We tracked down Wildcat’s Chief Lending Officer
Kevin Shipman to find out the latest on this lender.
Kevin says the lender’s recent expansion from Texas
to Tennessee has been a huge hit, with new deals being
funded there every week.
Kevin and his team’s outlook for the market remains
very bullish, especially for properties at $300k and
below. They see plenty of buyers for deals, and great
performance on the loans they’ve been making.
What you might not know about Wildcat is that in
addition to financing up to 90% of your house flipping
projects, they do rental property loans, and they’ll
finance 14 unit properties, including condos.
While many of their investors are experienced, Kevin
says, “we love working with newbies.” It’s always
exciting to help someone new get into the game and off
the ground. So, if you’ve had trouble meeting the
experience requirements at other lenders, consider trying
these guys out.
Improving the lending experience and helping
investors is something Kevin has been passionate about
since school. He always liked numbers and was good at
math. After getting his finance degree he started
working at Wells Fargo and quickly moved up to
You’ll find lots of convenient features at
WildcatLending.com, including:
● Online applications
● The ability to text a loan officer
● Rehab worksheets
● Draw request forms
● Online payoff requests
They’ve also teamed up with investor friendly title
company Strike Title. A title insurance provider who gets
investor needs, assignments, double closes, and a sense
of urgency.
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