Can Brittco fund a flip or a double close in Washington?
Yes. In Washington, 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 Washington. 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 Washington?
In Washington, 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 Washington?
Washington closings are commonly handled by escrow and title companies. Ask whether the escrow office will coordinate a double close and a short-term payoff from resale proceeds.
Deeds are generally recorded with the county auditor or recorder. Confirm the county cut-off before you schedule a same-day close.
What should you confirm about transfer taxes and recording?
Washington real-estate excise tax is a standard closer question. Confirm it with the closer. The current rate sits on the settlement statement, separate from the transactional fee.
How does a double close work in Washington?
A double close in Washington 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 Washington?
Can Brittco fund a flip or a double close in Washington?
Yes. In Washington, 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 Washington?
Washington closings are commonly handled by escrow and title companies. Ask whether the escrow office will coordinate a double close and a short-term payoff from resale proceeds.
How are deeds recorded in Washington?
Deeds are generally recorded with the county auditor or recorder. Confirm the county cut-off before you schedule a same-day close.
What about transfer taxes in Washington?
Washington real-estate excise tax is a standard closer question. Confirm it with the closer. The current rate sits on the settlement statement, 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 Washington?
Send the property, the amount, and the two closing dates. Same-day funding is 1%.