Welcome back to our second week of Minute Monday! In this episode our Director of Sales, Jared, is back to give you a briefing on our loan program, Transactional Funding.
Our transactional funding program is best for wholesalers who have found deal usually on-market that has an assignability clause that doesn’t allow them to assign the contract.
To get around banks not wanting wholesalers to receive that profit margin we have created this loan program to help you “double close.” Unfortunately title companies do not allow simultaneous closings, but we can get you the deal by providing 100% of the funding for transaction #1 for buyer #1 and then come in for the transaction #2 and provide acquisition and construction funding for buyer #2. This allows buyer #1 to successfully receive their assignment fee.
If you would like more detailed information about Transactional Funding contact us today. Thank you for tuning in and we’ll see you next week!
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