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.

Underwriting

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.

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!