02/19/2024
Ask me about Transactional Funding!
“One-Day Loan for your Back to Back Closings”
Designed to for real estate investors who need wet funding for a Back to Back closing, without using any of their own cash. Transactional funding is a “One Day Loan” to bridge the transaction.
Transactional Funding provides an easy alternative to the transaction, by breaking the A Side purchase and B Side sale in to two completely separate transactions, each independently funded. This type of closing is typically referred to as Back-to-Back Closing, reducing the liabilities for all.
Simple Step by Step Process…
*The Investor (You) – Obtains a contract to purchase the property from the Seller
*The Investor (You) – Obtains a contract to Sell the Property to the End-Buyer
*The Investor (You) – Opens the file with your chosen Closing Company (must use same closing company for both sides of the transaction).
*The Investor (You) – Submit the Transaction Form and both Contracts to The Living Mortgage Group for funding.
*The Living Mortgage Group - NMLS 2436394 works directly with the Closing Company to arrange the funding of the A Side.
*The Closing Company – facilitates the closings of both the A Side and B Side transactions the same day.
*When both transactions are closed and disbursement has been approved, the Closing Company will distribute the funds to the original Seller, and distribute the end-buyers funds to payoff the transactional lender and pay the remaining Profits to you, the Investor.
Available for both Residential and Commercial properties, Transaction Funding is the perfect solution for Short Sales, Wholesalers, and Flippers to simplify the closing process, eliminate the headaches and drive more profits.
