Can Brittco fund a flip or a double close in Pennsylvania?
Yes. In Pennsylvania, 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 Pennsylvania. 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 Pennsylvania?
In Pennsylvania, 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 Pennsylvania?
Pennsylvania closings may be run by a title company or an attorney, and the custom changes by region. Ask who disburses on your file and whether that person will coordinate a purchase and a resale in one sequence.
Deeds are generally recorded with the recorder of deeds, or the equivalent county office. Confirm the county before you set a same-day time.
What should you confirm about transfer taxes and recording?
Pennsylvania realty transfer tax is a standard settlement line, often split by contract. Confirm it with the closer. Your closer confirms the current rate for this file.
How does a double close work in Pennsylvania?
A double close in Pennsylvania 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 Pennsylvania?
Can Brittco fund a flip or a double close in Pennsylvania?
Yes. In Pennsylvania, 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 Pennsylvania?
Pennsylvania closings may be run by a title company or an attorney, and the custom changes by region. Ask who disburses on your file and whether that person will coordinate a purchase and a resale in one sequence.
How are deeds recorded in Pennsylvania?
Deeds are generally recorded with the recorder of deeds, or the equivalent county office. Confirm the county before you set a same-day time.
What about transfer taxes in Pennsylvania?
Pennsylvania realty transfer tax is a standard settlement line, often split by contract. Confirm it with the closer. 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 Pennsylvania?
Send the property, the amount, and the two closing dates. Same-day funding is 1%.