Can Brittco fund a flip or a double close in Connecticut?
Yes. In Connecticut, 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 Connecticut. 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 Connecticut?
In Connecticut, 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 Connecticut?
Connecticut real-estate closings are commonly conducted by attorneys. A double close needs the closing attorney to accept two contracts and a short-term payoff from resale proceeds. Confirm that before you set the date.
Deeds are generally recorded with the town clerk. Ask the attorney how town recording hours interact with a same-day wire.
What should you confirm about transfer taxes and recording?
Connecticut conveyance tax is a real line item. Confirm the current treatment and who pays it with the closing attorney. Your closer confirms the current rate for this file.
How does a double close work in Connecticut?
A double close in Connecticut 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 Connecticut?
Can Brittco fund a flip or a double close in Connecticut?
Yes. In Connecticut, 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 Connecticut?
Connecticut real-estate closings are commonly conducted by attorneys. A double close needs the closing attorney to accept two contracts and a short-term payoff from resale proceeds. Confirm that before you set the date.
How are deeds recorded in Connecticut?
Deeds are generally recorded with the town clerk. Ask the attorney how town recording hours interact with a same-day wire.
What about transfer taxes in Connecticut?
Connecticut conveyance tax is a real line item. Confirm the current treatment and who pays it with the closing attorney. Your closer confirms the current rate for this file.
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 Connecticut?
Send the property, the amount, and the two closing dates. Same-day funding is 1%.