Why do I need transactional Funding or when is it needed?

Wholesalers tend to use transactional funding for mainly three reasons:

The property that the wholesaler has contracted to buy is not assignable to a third party. Meaning the property, the wholesaler is planning to flip, “assign” to end buyer is most likely owned by a government agency, REO, Fannie Mae, Freddie Mac etc.

Credibility to the transaction. When a wholesaler uses transactional funding, it allows the seller to perceive that they are cash buyers at the closing table, rather than dealing with scheduling cash investors to show the property, (which sometimes upsets the seller) and hoping they close on time.

Non-disclosure of assignment fee. There are times whereas a wholesaler, you will make a great deal of profit on a wholesale deal, and the end buyer may not want to do the deal because he sees the assignment fee is too high. When you choose transactional funding, the profit on the deal is not disclosed on the closing statement.

Transactional funding enables investors to conduct back-to-back closings legally, while protecting the privacy of the deal with the original seller. It can prevent either the seller or end buyer from attempting to cut out the investor.

How much money do I have to get the process going?

There are no up-front fees with our transactional funding program, and we can close your deal on a very short notice! We will fund 100% of the entire purchase price and closing costs. Our clients come to the table with no money down!

How fast can you close?

We can close within 48 hours of getting all the information and documentation. In a bind, we might be able to do it in 24 hours. Try to give us as much notice as possible.

What if my title company says I cant do a double close?

If your Title Company says they can’t do this, we will refer you to one who can.