Transactional Funding is a creative financing strategy often used by real estate wholesalers when conducting a double closing (aka - simultaneous closing). Transactional funding is a short-term loan that is borrowed and paid back quickly, usually within the same day or several days. Access to this kind of short-term financing allows real estate wholesalers to buy and sell properties quickly without using any of their own money.
Wholesaler/Borrower must have an end-buyer under contract with proof of the end-buyer’s funds to complete the B-to-C transaction (proof of the end-buyers earnest deposit is also required).
Loan amounts up to 100% of purchase price
Simultaneous Closings are completed at an approved Title Company.