Short-term financing for wholesale deals and double closings
Transactional funding, sometimes referred to as ABC funding or same-day funding, provides capital to investors looking to perform “double closings.” Transactional funding is ideal for wholesalers who have not assigned their purchase contract but instead will complete a purchase and sale back-to-back.
Transactional Funding Details
|Loan Types||Loan Types Purchase, Refinance, or Cash-out|
|Term||1 – 5 days|
|Minimum Property Value||$100,000|
|Fees||3 points plus documentation fee|
|Property Types||Non-owner occupied 1-4 units, condos, townhomes|
|Loan Amount||100% of purchase price. Must be at least $100,000.|
|Borrower Type||US-based business entities. Foreign National guarantors permitted.|
Transactional Funding Application Process
Our loan process is simple – designed to help you close quickly and seamlessly. We know that time is money and our team’s goal is to help you move fast.