ABOUT WHOLESALE TRANSACTIONAL FUNDING

What is Transactional Funding.  Transaction funding is used in wholesale flip transactions only.  Transactional funding is a “1 day loan” that is used to fund the purchase of a wholesale investment property where the investor/buyer has no intention of fixing or holding on to the property but simply wants to “immediately flip / double close” and sell the property to another investor and make a profit on the sale.  

Transactional Funding Is Used Primarily When A Purchase Contract Does Not Allow The Contract To Be Assigned To Another Buyer And/Or No Assignment Fee Is Allowed To Be Paid.

Where We Lend:  Nationwide, except UT, NV, OR, VT & SD

Transactional Funding Program Highlights:

– Loan Amount $10,000.00 – $1,000,000.00!

– No Credit Check!

– No Up Front Fees!

– No Down Payment!

– No Appraisal Required!

– No Employment Verification!

– No Income Documentation!

– No Bank Statements!

– No Liquid Asset Documentation!

– No Prior Experience!

– Prior Bankruptcy, Foreclosure, Short Sale OK!

– Must Close In A Business Entity Name!

– 100% Funding (includes purchase price, closing cost and fees)!

What We Require To Fund Your Deal

– You Must Have A Contracted and Qualified End Buyer Committed To Purchase Your Wholesale Property In Order To Obtain Transactional Funding. 

– Must close in name of a business entity

– Copy of Government Issued ID required

– Copy of both fully executed purchase contracts (A-B & B-C)

– Copy of business entity ownership documents

– Tentative Closing Date (We require minimum 5 business days advance notice)

– Closings must be executed as a simultaneous “back to back” closing

– We must approve your designated title/closing company OR use our designated title company.  

What We Charge:

Total loan fee is:  3% of total cash to close Or $3,995.00 (whichever is greater)

Lender Wire Transfer Fees:   $250.00

Broker Processing Fee:  $795.00

The Lender Fees Are Added To The Payoff Amount (We Fund 100% Of All Cash To Close For The A-B Transaction)