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 came up talking to a guy who does maybe a dozen double closes a year. He keeps enough cash to fund the first leg himself and he still uses a funder on almost every deal.…
Been reading funder agreements to understand where the protection actually sits, and the same-session ones are straightforward. Money goes out, A leg records or is held, C buyer's…
Two funders quoted the same deal for me last month. One at a flat 1,750, one at 1.25% of the A leg with a 1,500 floor. On a 96k purchase that's close enough to the same money that…
Two of the funders I've been calling lead with the same line: if your closer will close A to B using the end buyer's funds, you don't need us. One says it as a filter, they only w…
I hold land and wait, so this whole strategy is foreign to me, but a friend asked me to look at a funder's one page term sheet and I got stuck on the first paragraph. The pitch is…
Two land parcels closed within a month of each other and left me sitting on cash I don't want to deploy into another hold yet. Somebody in a local group mentioned transactional fu…