Can Brittco fund a flip or a double close in Louisiana?
Yes. In Louisiana, 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 Louisiana. 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 Louisiana?
In Louisiana, 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 Louisiana?
Louisiana closings are commonly conducted by notaries and attorneys, and the civil-law form of the documents is different from the other states. Ask the closing notary whether a double close can be sequenced and how the payoff is documented.
Recording is generally with the clerk of court for the parish. Confirm parish cut-offs. A same-day plan that ignores the parish office is not a plan.
What should you confirm about transfer taxes and recording?
Confirm any parish recording charges and transfer taxes with the notary. Your closer confirms those figures for this file.
How does a double close work in Louisiana?
A double close in Louisiana 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 Louisiana?
Can Brittco fund a flip or a double close in Louisiana?
Yes. In Louisiana, 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 Louisiana?
Louisiana closings are commonly conducted by notaries and attorneys, and the civil-law form of the documents is different from the other states. Ask the closing notary whether a double close can be sequenced and how the payoff is documented.
How are deeds recorded in Louisiana?
Recording is generally with the clerk of court for the parish. Confirm parish cut-offs. A same-day plan that ignores the parish office is not a plan.
What about transfer taxes in Louisiana?
Confirm any parish recording charges and transfer taxes with the notary. Your closer confirms those figures 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 Louisiana?
Send the property, the amount, and the two closing dates. Same-day funding is 1%.