Our lending partners offer their funding products in 45 states, which excludes the following states: ND, NV, SD, VT & WV.
In the aforementioned states we do have lending partners as well - however the same products, terms & requirements may not apply.
If you're the in above mentioned states , get in touch with us, and let's see what we can do for you.
Our transactional funding is available across all 50 states, no matter the size of the deal. Our in-house funding takes a form of short-term joint venture funding, which covers both earnest money deposit funding & transactional double closing funding.
Both types of real estate transactional funding have a limit of
upto $8 million USD.
A double closing is a real estate transaction method where two back-to-back property sales occur on the same day, involving three parties: the original seller, the investor (middleman), and the end buyer.
During a double closing, the investor uses the funds from the end buyer, or a joint venture partner or a third-party lender, to complete the purchase from the original seller. This allows the investor to profit from the difference in sale prices without needing to use their own funds for an extended period.
Our primary lending partners have moved away from commercial property lending (non-residential commercial properties to be specific) in recent years.
However, we do have partners who are open to fund commercial property projects & lend on them. Moreover, we participate in commercial properties transactional funding - meaning our joint venture partnerships over earnest money deposits funding & providing double closing funding are available to commercial properties.
Absolutely, both our in-house team, and lending partners are capable to provide a proof of funds documentation.
A lot depends on your documentations' readiness - but our primary lending partners are able to close their successful applications in 5 - 10 working days.
To help you to close a loan in this timeframe, our partners will provide consulting & help to find a solution to help you to close a loan in a short period.
Every application has their different pieces and complications, which may prolong the application's successful closure, but our partners do their best to get through the finish line in a desired period.
Our partners are also able to release building projects' funding tranches relatively fast, and in some cases the capital could land our your account on the same day.
On the transactional funding operations (Earnest money deposit funding & doubler closing funding):
We can initiate the transfer of the money in as little as 2 hours, provided that you've provided us all the required documentation, including:
- Copy of your purchase contracts
- Contact details of seller and possible end-buyer
- Contact details of title company / closing attorney & the escrow officer who are overseeing the transaction.
AND us having been able to be in touch with the title company over the transaction progress.
If your real estate transaction deals & joint venture deals does not close, your only cost would be the transaction coordination fee for transactional funding - the fee is non-refundable, as our transaction coordinators have already worked on the deal for you.
Our lending partners are able to answer on their processes' consequences more than us. Keep your questions over this topic in mind, when engaging with them.
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