What is the transactional funding loan?
Short-term funding for the A-B purchase in a double close, repaid from the B-C resale.
Transactional fundingLoans
Three ways to fund the property.
Transactional funding is 1% for a same-day double close and 2% within 7 calendar days. Fix and flip loans add rehab draws. Private money and bridge loans cover a short hold. All three are business-purpose loans on investment property.
Start with the simple fee when you have a double close: 1% the same day, 2% within 7 calendar days. When the property needs renovation, a fix and flip loan releases rehab money in draws. When you need a short hold, private money and bridge loans are priced with the file.
What is a fix and flip loan?
Purchase plus renovation. Rehab money is released in draws as work is completed and inspected.
Fix and flip loansWhat is a private money or bridge loan?
Short-term, asset-based purchase and bridge loans for investment property.
Private money loansWhat should you send?
These three loans are the lineup. DSCR, new construction, and gap loans are not part of it. Every loan is for investment property you will not live in, in a state marked Yes.
Have a double close on the calendar?
Send the property, the amount, and the two closing dates. Same-day is 1%. Within 7 calendar days is 2%.