Transactional funding is ultra-short-term capital, often lasting only hours, used to fund the first leg of a double-close wholesale transaction.
Log in to followSomething I read said a double close doesn't need transactional funding at all, because the escrow officer just uses the end buyer's money to pay the original seller and everythin…
The whole pitch for the funder side rests on the end buyer's money being committed before the advance goes out. Committed isn't in the account. If that wire doesn't land, I own a…
I manage rentals for an investor who buys from wholesalers, and his last purchase came apart over seasoning. His lender wouldn't lend unless the seller had held title for a stretc…
Going through a funder's doc package for a double close. A-B at $185k, B-C at $215k, flat fee $3,700, funds out and back the same day. The note is two pages, payable on demand tha…
A wholesaler at a meetup told me he pays his funder $2,800 a pop and would happily run a second one, and that with $100k I could be it. When I asked about licensing he said none n…
Running the numbers on sitting on the funding side of these rather than owning anything. A funder quoting 2% flat on a $200k A-B leg collects $4,000 for money that's out maybe six…
Called two funders about a $150k first leg. One says 2% of the funded amount with a $2,500 minimum. The other says flat $3,000 plus a $495 doc fee and I wire their fee back with t…