Transactional Funding
Introducing a Convenient Solution for Back-to-Back Closings: The One-Day Loan
Our specialized financing solution caters to real estate investors seeking wet funding for their back-to-back closing transactions, all without the need to tap into their own capital. Transactional funding offers a streamlined "One Day Loan" designed to seamlessly bridge the gap between these transactions.
Historically, real estate investors relied on "Simultaneous" Closings, where funds from the end-buyers (B Side) were utilized for the investors' (A Side) property purchase. However, recent regulatory changes and increased scrutiny have made these transactions increasingly challenging, if not impossible. Even the most investor-friendly closing companies have had to adapt their practices to meet these new demands.
Transactional Funding presents a viable alternative, effectively splitting the A Side purchase and B Side sale into two distinct, independently funded transactions. This approach is commonly referred to as a Back-to-Back Closing, minimizing liabilities for all parties involved.
Streamlined Process in a Few Easy Steps…
Investor (You): Secure a purchase contract from the property seller.
Investor (You): Obtain a contract to sell the property to the end-buyer.
Investor (You): Initiate the file with your selected closing company (ensuring it's the same for both sides of the transaction).
Investor (You): Submit the Transaction Form along with both contracts to PFG for funding.
PFG: Collaborates directly with the closing company to arrange funding for the A Side.
Closing Company: Facilitates the closing of both the A Side and B Side transactions on the same day.
Upon Successful Closure: The closing company disburses PFG funds to the original seller and allocates the end-buyer's funds to settle the PFG amount, delivering the remaining profits to you, the investor.
Our Transactional Funding is available for both Residential and Commercial properties, making it an ideal solution for Short Sales, Wholesalers, and Flippers to streamline the closing process, minimize hassles, and boost your profits.
Key Program Highlights:
Effortless Loan Submission: Simplified submission process.
No Credit Approval Required: Credit checks not necessary.
No Appraisal Needed: No appraisal required.
Full Funding: Covers the purchase price, fees, and closing costs.
Speedy Closings: Typically within 3 to 5 business days after submission.
Pricing Structure & Guidelines:
Flat Fee: $1,500.00 for transactions up to $100,000.
1.5% of Loan Amount: For loans exceeding $100,000 and up.
Volume Discounts: Available after the first 10 transactions.
Arms Length Transactions Only: Transactions must be arms length.
