Typically, Lending Bee aims to close all of our deals in 5 business days. We have an in-house underwriting and processing team that will work on all deals using their expertly trained skill and knowledge of the hard money field. They will do everything in their power to work closely with the Escrow & Title Companies to clear and meet conditions as efficiently as possible, as well as, collaborate with brokers to ensure the borrower portion is taken care of also.
While Lending Bee will do everything we can to ensure the prompt processing and closing of all deals, the complexity of the loan scenario plays a part in the turnaround time of the loan. For example, a construction loan may take longer than a SFR loan, or one borrower may be more responsive than another. Those are some things our company cannot control, however, what we can control is being up front with an approximation of what we think will happen based on our prior experience. We always keep our clients informed and part of the process throughout the entire process.