Funding? How Does It Work?
What Is Transactional
Transactional Funding
Transactional funding is another name for a short-term loan that’s usually repaid on the same day. Transactional funding is what real estate wholesalers typically use to do double closings.
How Many Parties Are Involved In This Transaction? Three parties are involved in this type of transaction: The Seller (A) The Wholesaler (B) The End Buyer (C)
How
Is The Funding Used?
the wholesaler (B) has a motivated seller (A) and an end buyer (C) ready, they can do what’s known as a double closing and profit from the transaction.
Once
Types Of Properties Bought Using Transactional Funding Single family residences
Apartment
Commercial properties Plots of
buildings
land
Of Transactional Funding
transactional funding lenders charge a flat fee that can be anywhere from 1% to 3% of the loan amount. Most of them don’t charge any upfront fees.
Cost
Most
Benefits Of Transactional Funding Less expensive Fast underwriting Reliable Time-tested
Do you need quick transactional funding to double close? We can help you!
At DoubleClose.com, we offer transactional funding for real estate wholesalers. Visit our website www.doubleclose.com to get started! You can get under or over $1 million, and there are no upfront fees.