Can Brittco fund a flip or a double close in Alaska?
Yes. In Alaska, Brittco funds the purchase in a double close, a fix and flip with rehab draws, and a short-term loan on investment property.
Brittco Capital, Inc. funds the A-B purchase so you can resell in Alaska. Same-day is 1%. A resale within 7 calendar days is 2%. Fix and flip loans and short-term private money are priced with the property.
Which loans are available in Alaska?
In Alaska, three business-purpose loans cover investment property. Transactional funding pays for the purchase in a double close. A fix and flip loan covers the purchase and the rehab. A private money or bridge loan covers a short hold until a sale or a refinance.
Transactional funding ·Fix and flip loans ·Private money and bridge loans
How does a closing get funded in Alaska?
Alaska double closes are uncommon compared with the lower forty-eight, and the closer may be a title company or an attorney depending on the borough. Build extra time into the calendar and confirm the office will coordinate two contracts on one property.
Recording runs through the Alaska recorder for the district where the property sits. Ask how that office’s cut-off time affects a same-day wire sequence.
What should you confirm about transfer taxes and recording?
Confirm any Alaska transfer or recording charges with the closer before you treat the fee card as the whole cost of the closing.
How does a double close work in Alaska?
A double close in Alaska uses two contracts: the A-B purchase and the B-C resale. Brittco funds the purchase. The closer on the file records the deeds, collects transfer charges, and orders the wires. Set the closing date with that office before you send the request.
What does a worked fee example look like?
On $150,000, the estimated fee is $1,500 for a same-day close (1%) and $3,000 if the resale closes within 7 calendar days (2%). Estimate only, not a quote.
Fee calculator ·How a double close works ·All states
What questions come up about Alaska?
Can Brittco fund a flip or a double close in Alaska?
Yes. In Alaska, Brittco funds the purchase in a double close, a fix and flip with rehab draws, and a short-term loan on investment property. Same-day transactional funding is 1%. A resale within 7 calendar days is 2%. Fix and flip and private money are priced with the file.
Who typically closes in Alaska?
Alaska double closes are uncommon compared with the lower forty-eight, and the closer may be a title company or an attorney depending on the borough. Build extra time into the calendar and confirm the office will coordinate two contracts on one property.
How are deeds recorded in Alaska?
Recording runs through the Alaska recorder for the district where the property sits. Ask how that office’s cut-off time affects a same-day wire sequence.
What about transfer taxes in Alaska?
Confirm any Alaska transfer or recording charges with the closer before you treat the fee card as the whole cost of the closing.
What is the estimated transactional fee?
On $150,000, the estimated fee is $1,500 for a same-day close (1%) and $3,000 if the resale closes within 7 calendar days (2%). Estimate only, not a quote.
Fund a flip or a double close in Alaska?
Send the property, the amount, and the two closing dates. Same-day funding is 1%.