Wildcat Lending

Wildcat Lending now operates as Crebrid. The company's site states that its roots run back to Wildcat Lending, a Texas short-term lender, and that the business today is a direct private lender to residential real estate investors, working from Plano, Texas and lending in states across the country.

Loan products are fix-and-flip, bridge, ground-up construction, refinance, and 30-year rental loans. A borrower enters project details online and receives an estimate covering estimated profit, after-repair value, and interest rate as a downloadable PDF, then uploads budget, scope, and supporting documents for underwriting. Underwriting is done in house, and the company states that complete fix-and-flip submissions can close in as little as 48 hours.

Published fix-and-flip terms start at 7.73% with 1.5 to 2.5 points, up to 90% of cost and 70% of value, on 6-, 12-, or 18-month terms, with a minimum loan of $75,000. Brokers can generate white-labelled term sheets with their fee built in; the company states the broker fee is locked on the commitment letter, paid directly at closing, and that it makes no unsolicited contact with a broker's client. The firm lists NMLS ID #2805570 and says a partnership with Barings brought a $500 million initial credit facility, building on an 11-year history of originating nearly $2 billion in residential transition loans.

Rates and leverage shown on the site are starting points rather than quotes. Confirm current pricing, which states the company lends in, and whether the Wildcat Lending name is still used for existing loans and servicing.