Got a wholesale deal you need to double close? We’ve got you covered. Flat fee of only 2 points. Period!
Contact Us Today!
Call: (888) 341-2282
Fax: (920) 542-4546
2221 S. Webster Ave. #258
Green Bay, WI 54301
Grab One of Our Proof of Funds Letters
Grab one of our Proof of Funds letters to help get your deal under contract. We don’t need an application yet. We assume you know what you’re doing and it’s a good deal. Once you have it under contract, go to step 2.
Submit an Application
We want to know about the deal you just got under contract. We just need some basic info like… Loan amount? Rehab costs? ARV? Once we have the basics, we’ll get a quote to you. If you like it, we go to Step 3.
Once we have your application, we go to underwriting. In underwriting, we’ll request the relevant docs we need to verify the details. If everything looks good, we’ll be all set to go to Step 4.
Close Your Deal
Now that everything is verified and set, we can send the funds to the title company or attorney handling the closing. You’ll sign the necessary docs and… BAM! You own the property!
What is Transactional Funding?
Transactional Funding is a type of loan that allows real estate investors (REI’s) to fund transactions that require a same day double-close. This type of funding is most commonly used by wholesalers.
Every now and again investors find themselves in situations where the only solution to wholesaling a property is to buy it and then immediately resell it; requiring a double-close. When a wholesaler has to double-close, they need to fund and purchase the property before they can sell it to the buyer. The problem is that most REI’s don’t have that kind of money readily available.
The best solution to this problem is to use Transactional Funding through a Hard Money Lender like Best REI Funding!
When do wholesalers use Transactional funding?
Transactional Funding is commonly used to keep the wholesaler’s fair assignment fee anonymous from the buyer. Unfortunately, some buyers don’t think wholesalers should be allowed to make much money. So, to prevent push-back, they double-close the deal.
It’s also commonly used to wholesale a property where the seller doesn’t allow contract assignments.
We would love to be the solution to your Transactional Funding needs. We charge a Flat Fee of only 2 Points, Period! Apply Today!
If you have any questions, please Contact Us online or give us a call at (888) 341-2282.
7 Steps to a Guaranteed Hard Money Loan Approval
There’s no need to be worried if you’ll be approved for a Hard Money Loan. This free “7 Steps” report has all the information you need to make sure you’re approved every time.
Just fill in your name & email address and click the button. We’ll send it to your inbox right away!
Get Your Deal Funded Today
Get your loan application in process today. Once submitted, your initial application will be quickly reviewed by our team. You’ll hear back from us soon with the loan terms that apply best to your situation.