FAQs

We charge 40% return for lending EMD and 1.5% for double closings to start. We also fund seller carry-backs starting at 2.5%.These numbers can change depending on duration of the deal and risks involved.

For EMD, we charge minimum $250 to pay our team for underwriting and processing the deal. Sadly we must do this so we don't end up losing money by funding your cancelled deal. If you are confident in your deal closing, this will have no effect on you!

If your EMD deal does not close, we do not charge you the 40% fee. Your only cost would be the up front fee since our dedicated team has already worked on the deal for you.

A double closing is a real estate transaction where two sales happen back-to-back on the same day. It involves the original seller, an investor (acting as a middleman), and the final buyer.

Here's how it works: The investor first purchases the property from the original seller (A-B), and then immediately resells it to the final buyer at a higher price (B-C). Both transactions are coordinated and usually occur at the same title company.

Investors use double closings to profit by connecting sellers and buyers, often without needing significant upfront capital. They frequently use transactional funding for the initial purchase (A-B), which is then repaid, plus a lending fee, from the proceeds of the second sale (B-C) held in escrow.

Double closings are legal and can avoid problems that might occur when there is a large assignment fee or the jurisdiction you are closing in does not allow assignment fees. They can also help buyers increase appraisal values since the lower price then the higher price transactions are recorded, unlike an assignment which only shows the lower purchase price.

A seller carry-back deal involves a hard money or DSCR loan being used to purchase a property. The remaining amount needed for purchase is funded by the seller via a seller carry-back. This amount is typically equal to the down-payment and closing costs.

If you have a deal like this, the lender will likely require you to bring the down-payment to close and then be reimbursed by the seller carry-back. If the lender approves, we can fund that down-payment for you to close the deal.

We can fund EMD for end buyers, but it's rare. At the end of the day, our funds have to be protected no matter what. Typically that is done through an inspection period. If you have no inspection period on your deal or the EMD is non-refundable we will not fund your deal.

The inspection period must go through closing, you need to have a commitment letter from your lender to close on the deal, AND you must provide proof of deals you have previously closed. Then we may be able to fund it, though upfront non-refundable fees may be required.

We will fund deals up to $10M as long as the deal qualifies under our standards and requirements. We will be your one stop shop for all transactional funding both now and in the future!

We typically require 72 hours of notice to fund a deal, however we have funded in as quickly as 5 minutes (seriously). If you have a deal, your best bet is to submit it as soon as possible so we can review it and get the process started.