Can Brittco fund a flip or a double close in Virginia?
Yes. In Virginia, 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 Virginia. 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 Virginia?
In Virginia, 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 Virginia?
Virginia closings may involve a settlement agent or an attorney. Ask who disburses and whether that office will sequence an A-B purchase and a B-C resale.
Deeds are generally recorded with the circuit court clerk. Confirm that clerk’s cut-off before you call a closing same-day.
What should you confirm about transfer taxes and recording?
Confirm grantor’s tax and recording charges with the closer. Your closer confirms those rates for this file. They are separate from the transactional fee.
How does a double close work in Virginia?
A double close in Virginia 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 Virginia?
Can Brittco fund a flip or a double close in Virginia?
Yes. In Virginia, 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 Virginia?
Virginia closings may involve a settlement agent or an attorney. Ask who disburses and whether that office will sequence an A-B purchase and a B-C resale.
How are deeds recorded in Virginia?
Deeds are generally recorded with the circuit court clerk. Confirm that clerk’s cut-off before you call a closing same-day.
What about transfer taxes in Virginia?
Confirm grantor’s tax and recording charges with the closer. Your closer confirms those rates for this file. They are separate from the transactional fee.
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 Virginia?
Send the property, the amount, and the two closing dates. Same-day funding is 1%.