Can Brittco fund a flip or a double close in Massachusetts?
Yes. In Massachusetts, 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 Massachusetts. 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 Massachusetts?
In Massachusetts, 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 Massachusetts?
Massachusetts closings are commonly conducted by attorneys. A double close needs the closing attorney to coordinate the purchase, the resale, and the short-term payoff. Confirm that before the end buyer is given a time.
Deeds are generally recorded at the county registry of deeds. Ask how registry hours affect a same-day wire.
What should you confirm about transfer taxes and recording?
Confirm Massachusetts deed excise with the closing attorney. Your closer confirms the current rate for this file.
How does a double close work in Massachusetts?
A double close in Massachusetts 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 Massachusetts?
Can Brittco fund a flip or a double close in Massachusetts?
Yes. In Massachusetts, 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 Massachusetts?
Massachusetts closings are commonly conducted by attorneys. A double close needs the closing attorney to coordinate the purchase, the resale, and the short-term payoff. Confirm that before the end buyer is given a time.
How are deeds recorded in Massachusetts?
Deeds are generally recorded at the county registry of deeds. Ask how registry hours affect a same-day wire.
What about transfer taxes in Massachusetts?
Confirm Massachusetts deed excise 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 Massachusetts?
Send the property, the amount, and the two closing dates. Same-day funding is 1%.