How much will WCP lend on a property?

We use LTV (Loan to Value) and LTC (Loan to Cost) to determine loan amounts. Call us today to determine your leverage! 

Does WCP provide auto-debit?

To provide exceptional customer service, we provide our clients with the ability to use auto-debit. This provides peace of mind to our clients that they will never make a late payment.

Who do I make payments/checks out to?

Please make all payments/checks payable to WCP Servicing LLC.

How do I get a payoff request?

For all loan payoff-related requests and inquiries, please call our Payoffs Team at 703-722-0774 or email servicing@wcp.team. Please keep in mind that each Payoff Request comes with a $50 fee, and Expedited Payoffs are $200.

Where do I mail payments to?

8401 Greensboro Drive, Suite 960, McLean, Virginia, 22102

What form of payments does WCP accept?

We accept:

• Bank wire
• ACH
• Auto-debit
• Checks

We don’t accept credit cards.

What type of fees does WCP have?

There is one pre-settlement fee (typically $1,100) that covers attorney fees and other associated underwriting costs. We refer to this as the “Commitment Fee.” Construction Draw Fees are $300 per request, which covers the property inspection. Our only other standard fee is a Payoff Fee of $50 per Payoff Request and $200 for an Expedited Payoff Request.

Does WCP have prepayment penalties?

We don’t charge prepayment penalties on most of our loan products, including fix and flip, new construction, bridge, and multi-family renovation loans. You’re welcome to pay off your loan early without any fees. For rental loans like DSCR, options such as a 5/4/3/2/1 stepdown, 3/2/1 stepdown, 1-year prepay, or no prepay penalty are available—just ask your loan officer what works best for your situation.