Transactional Funding (or “Flash Cash”) – We now offer 2 programs for Transactional Funding:
Program #1 – Same Day Transactional Funding - This is for the wholesaler that purchases and flips a property the same day. We provide funds for the “A to B” closing and, if needed, the “B to C” closing as well. Because both transactions occur consecutively, with payoff of the A to B loan the same day, our fees are lower and we require significantly less underwriting. Our goal is to provide 100% of the funding since it will be paid off the same day.
Program #2 – 30-Day Transactional Funding – This program helps investors who need to take title to the property for up to 30 days, before flipping it, such as with a short sale property. The great advantage to our borrowers is the high loan to value loans we can offer, since the loan will be paid off within a month. This program requires a buyer under contract with approved financing on the back end.