Can Brittco fund a flip or a double close in Hawaii?
Yes. In Hawaii, 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 Hawaii. 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 Hawaii?
In Hawaii, 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 Hawaii?
Hawaii closings often involve escrow companies and, depending on the island and the firm, an attorney. Ask that office whether it will coordinate two contracts and a short-term payoff from the resale.
Recording is generally handled through the Bureau of Conveyances or the land court system, depending on the property. Ask the closer which system applies before you set a same-day time.
What should you confirm about transfer taxes and recording?
Confirm conveyance tax with the escrow officer. Your closer confirms the current rate. Brittco’s 1% or 2% fee is separate from those charges.
How does a double close work in Hawaii?
A double close in Hawaii 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 Hawaii?
Can Brittco fund a flip or a double close in Hawaii?
Yes. In Hawaii, 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 Hawaii?
Hawaii closings often involve escrow companies and, depending on the island and the firm, an attorney. Ask that office whether it will coordinate two contracts and a short-term payoff from the resale.
How are deeds recorded in Hawaii?
Recording is generally handled through the Bureau of Conveyances or the land court system, depending on the property. Ask the closer which system applies before you set a same-day time.
What about transfer taxes in Hawaii?
Confirm conveyance tax with the escrow officer. Your closer confirms the current rate. Brittco’s 1% or 2% fee is separate from those charges.
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 Hawaii?
Send the property, the amount, and the two closing dates. Same-day funding is 1%.