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!
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!
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