Transactional Funding
Transactional Funding When You Need It!
We are currently funding deals up $1,000,000
Common Questions About Transactional Funding
What exactly is transactional funding?
Transactional funding is a short term loan provided to wholesalers who purchase and then resell a property on the exact same day. In the industry is much more well known as a ‘double closing’. There are three parties involved in this type of transaction and they are as follows. Party A is the seller of the property. Party B is the wholesaler and party C is the end buyer. These types of transactions involve B purchasing from A, and then B selling to C. (A-B, B-C)
Sounds like what you need? Submit Your Deal HERE
When Would I need transactional Funding?
You have a contract that is NOT assignable to another person. This is common when working with real estate agents, bank owned properties, or properties owned by government entities (Fannie Mae, FHA, HUD, etc)
You are choosing NOT to assign the contract to maximize your finders fee! When you double close you do not have to disclose how much you are making to either party and you can save your deal from having to deal with a disgruntled seller or buyer that suddenly gets cold feet when they see how much you are making.
You are not allowed to assign a contract to stay compliant with your local and state laws.
How Much Can We Fund?
We have no minimum on the amount we are willing to lend.
Currently our Maximize loan is $1,500,000
What Do You Charge?
Deals Below $100,000 = $1000 Flat Fee
Deals Between $100,000 and $1,000,000 = 1%
Deals Between $1,000,000+ = 2%
***Fees are based upon the A-B Purchase Price***
There are No upfront fees, no additional fees, and no fees if the transaction does not end up closing.
Will You Run My Credit?
No. Credit is not a factor we take into consideration when making these loans.
Do I Have To Close With The Same Title Company?
Yes. We require that both the A-b and B-C closings happen at the same title company.
Can I Get a Proof Of Funds Letter?
Yes. Click on the Proof Of Funds button on this page and we will email you the Proof of Funds Letter.
What Will You Require From Me To Fund The Deal?
We will never ask you to provide bank statements or proof of income. However we will Ask you for the following documents:
– A to B Contract
– B to C Contract
– Corporate Documents (Operating Agreement, EIN, Articles of Organization)
– Your Driver’s License
– Information on C Buyer’s Lender if they are obtaining a loan to purchase the property.
How Fast Can You Fund A Deal?
Ideally, we would like to know when you lock in your end buyer. However, we can get our ducks in a row within 48 hours of closing