What kind of funding do you need?
Earnest Money Deposits
An earnest money deposit (EMD) is a deposit made by a buyer to show their good faith in a real estate transaction. This deposit is typically a small percentage of the purchase price and is held in an escrow account until the transaction is completed.
Requirements:
- Fully executed/signed purchase agreement
- Reputable title company/attorney
- Signed Mutual Release Seller Addendum
- We are not able to fund non-refundable EMD.
- $250 non-refundable funding fee due at application approval and before EMD funds are released
- We charge a 40% fee on EMD funding (example: $10,000 EMD funds x 40% = $4,000 fee).
- $25,000 max funding for EMD
Double Closing Funding
A double close is a real estate transaction where a property is simultaneously purchased and sold, involving three parties: the original seller, an investor/wholesaler, and the final buyer. The investor/wholesaler (Buyer B) agrees to puchase the property from the original seller (Seller A). The investor/wholesaler (Seller B) then sells the same property to the end buyer (Buyer C) for a higher price and keeps the profit.
Requirements:
- Fully executed/signed purchase agreements (original seller A to investor/wholesaler B and investor/wholesaler B to end buyer C)
- Reputable title company/attorney and contact details for escrow agent
- We charge a flat 1.5% fee or mimimum of $1,500
- No funding max
