Can Brittco fund a flip or a double close in Florida?
Yes. In Florida, 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 Florida. 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 Florida?
In Florida, 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 Florida?
Florida investment closings are commonly handled by title companies and closing agents. A double close still needs that agent to accept transactional funding and to sequence the purchase and the resale.
Deeds are generally recorded with the clerk of the circuit court in the county. The funding sequence does not wait on the first deed to appear in the official records.
What should you confirm about transfer taxes and recording?
Florida documentary stamp tax shows up on many settlement statements. Confirm how it applies to each deed with the closer. Your closer confirms the current rate for this file.
How does a double close work in Florida?
A double close in Florida 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 Florida?
Can Brittco fund a flip or a double close in Florida?
Yes. In Florida, 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 Florida?
Florida investment closings are commonly handled by title companies and closing agents. A double close still needs that agent to accept transactional funding and to sequence the purchase and the resale.
How are deeds recorded in Florida?
Deeds are generally recorded with the clerk of the circuit court in the county. The funding sequence does not wait on the first deed to appear in the official records.
What about transfer taxes in Florida?
Florida documentary stamp tax shows up on many settlement statements. Confirm how it applies to each deed with the closer. 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 Florida?
Send the property, the amount, and the two closing dates. Same-day funding is 1%.