Can Brittco fund a flip or a double close in Tennessee?
Yes. In Tennessee, 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 Tennessee. 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 Tennessee?
In Tennessee, 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 Tennessee?
Tennessee closings commonly involve an attorney and a title company. Ask who disburses and whether both contracts can close together with a short-term payoff.
Deeds are generally recorded with the county register of deeds. Confirm that register’s hours before you call the closing same-day.
What should you confirm about transfer taxes and recording?
Confirm Tennessee transfer and mortgage taxes with the closer. A transactional loan may be documented differently from a long-term mortgage. Ask the closer, who confirms the current rates for this file.
How does a double close work in Tennessee?
A double close in Tennessee 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 Tennessee?
Can Brittco fund a flip or a double close in Tennessee?
Yes. In Tennessee, 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 Tennessee?
Tennessee closings commonly involve an attorney and a title company. Ask who disburses and whether both contracts can close together with a short-term payoff.
How are deeds recorded in Tennessee?
Deeds are generally recorded with the county register of deeds. Confirm that register’s hours before you call the closing same-day.
What about transfer taxes in Tennessee?
Confirm Tennessee transfer and mortgage taxes with the closer. A transactional loan may be documented differently from a long-term mortgage. Ask the closer, who confirms the current rates 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 Tennessee?
Send the property, the amount, and the two closing dates. Same-day funding is 1%.