Can Brittco fund a flip or a double close in Georgia?
Yes. In Georgia, 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 Georgia. 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 Georgia?
In Georgia, 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 Georgia?
Georgia closings are commonly conducted by attorneys. Ask the closing attorney whether the office will handle a double close, and whether the end buyer’s side has its own attorney who must coordinate wires.
Deeds are generally recorded with the clerk of superior court in the county. Confirm recording cut-off times before you stack both closings on one afternoon.
What should you confirm about transfer taxes and recording?
Confirm Georgia transfer tax with the closing attorney. Your closer confirms the current rate and who customarily pays it.
How does a double close work in Georgia?
A double close in Georgia 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 Georgia?
Can Brittco fund a flip or a double close in Georgia?
Yes. In Georgia, 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 Georgia?
Georgia closings are commonly conducted by attorneys. Ask the closing attorney whether the office will handle a double close, and whether the end buyer’s side has its own attorney who must coordinate wires.
How are deeds recorded in Georgia?
Deeds are generally recorded with the clerk of superior court in the county. Confirm recording cut-off times before you stack both closings on one afternoon.
What about transfer taxes in Georgia?
Confirm Georgia transfer tax with the closing attorney. Your closer confirms the current rate and who customarily pays it.
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 Georgia?
Send the property, the amount, and the two closing dates. Same-day funding is 1%.