Can Brittco fund a flip or a double close in Oklahoma?
Yes. In Oklahoma, 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 Oklahoma. 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 Oklahoma?
In Oklahoma, 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 Oklahoma?
Oklahoma closings are commonly handled by title companies. Ask whether the underwriter will insure both the purchase and the resale, and how a same-day payoff should be shown.
Deeds are generally recorded with the county clerk. Confirm the clerk’s cut-off if you are planning a same-day double close.
What should you confirm about transfer taxes and recording?
Confirm Oklahoma documentary stamp tax with the title company. Your closer confirms the current rate for this file.
How does a double close work in Oklahoma?
A double close in Oklahoma 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 Oklahoma?
Can Brittco fund a flip or a double close in Oklahoma?
Yes. In Oklahoma, 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 Oklahoma?
Oklahoma closings are commonly handled by title companies. Ask whether the underwriter will insure both the purchase and the resale, and how a same-day payoff should be shown.
How are deeds recorded in Oklahoma?
Deeds are generally recorded with the county clerk. Confirm the clerk’s cut-off if you are planning a same-day double close.
What about transfer taxes in Oklahoma?
Confirm Oklahoma documentary stamp tax with the title company. 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 Oklahoma?
Send the property, the amount, and the two closing dates. Same-day funding is 1%.