Double-close funding from a direct lender.
Brittco Capital, Inc. pays for the A-B purchase in a double close. The published fee is 1% when repayment is the same day and 2% when the resale closes within 7 calendar days.
Brittco Capital, Inc. pays for the A-B purchase so a real estate investor can close the B-C resale. The published fee is 1% when repayment is the same day and 2% when the resale closes within 7 calendar days.
What does the fee cover?
The fee is a percentage of the amount funded. Same-day is 1%: funded at A-B and repaid from B-C that calendar day. Within 7 calendar days is 2%. Your closer adds title fees and local charges. The calculator is an estimate, not a quote.
Who is transactional funding for?
- Real estate investors with an A-B purchase contract and a B-C resale contract.
- Business-purpose loans on investment property only.
- Not a consumer loan, and not a loan on a home the borrower will occupy.
- Property in a state marked Yes on the states page.
How does the money move?
Brittco wires the A-B purchase. The loan is repaid from the B-C proceeds. We coordinate the sequence with the title company or closing attorney on the file. Read the step-by-step double close and the note for closers.
Which documents start the file?
Start with the document checklist. Contract templates, when you are ready for them, live in the lending portal at app.brittcocapital.com/tx/contracts.
What do investors ask about transactional funding?
What is transactional funding?
Transactional funding is the short loan that pays for your A-B purchase in a double close, so you can resell to the end buyer. The loan is repaid from the resale proceeds, often the same day.
What is a double close?
A double close is two transactions on the same property. You buy from the seller (A-B) and sell to the end buyer (B-C). Transactional funding pays for the purchase and is repaid from the resale.
How much does Brittco charge?
1% of the amount funded when the resale closes the same day, and 2% when it closes within 7 calendar days. Other closing costs may apply. The calculator is an estimate, not a quote.
What is the difference between same-day and seven days?
Same-day means we fund the A-B purchase and the resale repays the loan that calendar day. The fee is 1%. If the resale closes within 7 calendar days, the fee is 2%. Enter both dates on the request form and you will see which price applies.
Is the fee calculator a quote?
It shows the fee in a few seconds: the amount you enter times 1% or 2%. It is an estimate, not a quote. Title fees and other closing costs sit with the closer. Send the property when you want a price for that file.
Does sending a request mean I am approved?
Sending a request starts the file. It is not an approval. Every loan is subject to underwriting and approval.
Have a double close on the calendar?
Send the property, the amount, and the two closing dates. Same-day is 1%. Within 7 calendar days is 2%.