Real estate wholesalers know that sometimes assigning a contract can go wrong and they could end up losing the deal. For that reason, Wholesalers Transactional Funding finances your transaction from start to finish. With us, you can close deals without worrying about daunting bank paperwork or loan requirements.
We've been helping our clients by funding their transactions. We have the experience and knowledge to provide a top-notch service. Give us a call today to learn more about our services!
4 Steps For Commercial And Residential Transactional Funding
1) Identify A Property
The first step is to identify a property you want to purchase. Once you have found a property, you must get in touch with the seller and begin negotiating a purchase price.
2) Wholesaler Request A POF
We'll provide you with a proof of funds letter that you can use to show the seller
that you're serious about buying their property. The POF will also help you to negotiate a better purchase price for the property.
3) Find The End-Buyer
After finding the end buyer, you will have to arrange all necessary paperwork and contracts related to the purchase of the property.
4) Double Closing
Once you've agreed with the seller, it's time to double close. We'll
fund the purchase of the property, and after selling it right away to the end buyer, you'll get your profit. It's that simple!
5 Reasons Why You Should Choose Wholesalers Transactional Funding
1) Keep Your Profits Private
When double closing, neither your seller or your buyer knows how much you’re making. This also stops anyone from backing out of the deal especially last second at the closing table!
2) We Fund 100% Of The Purchase!
Other providers of commercial transactional funding might only finance a portion of the purchase price. However, at Wholesalers Transactional Funding, we'll fund the entire purchase price of the property.
3) No Credit Check Is Needed
We don't require credit scores or checks to approve your application. This makes it easier for you to get the funding you need without worrying about endless paperwork.
4) Double Closing
A double closing is the best solution when you can't assign the contract! We'll give you the funds so you can close in your name.
5) Quick Closings
We're used to working on tight timelines so that we can close your deal quickly. In most cases, we can fund your deal within 24 hours. Still, we'll always maintain clear communication with you.
Let Our Experts Help You Make Excellent Profits!
At Wholesalers Transactional Funding, we're here to help you seize those lucrative real estate deals. We're the most reliable option in the industry, hands down. Our founder, Jesse LeBlanc, has done a great job guiding us to understand the industry like no one else. He's operated a wholesale company for years now. He is also an investor himself flipping properties and adding rentals to his portfolio. We have his vast experience on our side; therefore, we have his vast experience on our side. Let's get started on your next deal today! Click below to learn more about our residential transactional funding service.
NO UPFRONT FEES ♦ NO ADDITIONAL FEES ♦ NO MONTHLY PAYMENTS
NO APPRAISAL ♦ NO CREDIT CHECK
A typical case study
So let's look at the process step-by-step with an example:
- The wholesaler enters into a contract to buy a single-family home from the original seller (let's call him A) for $300,000 - Part 1 of the transaction.
- The end buyer (call her C) signs a contract to buy the wholesaler's property for $350,000 on the same day as Part 1 (i.e., Part 2 of the transaction).
- The wholesaler delivers a BC contract signed by C (the end buyer) to the transactional lender.
- On the day of settlement, the transactional lender lends the funds to the wholesaler to pay A.
- Immediately after completing Part 1 (of the two-part transaction), the wholesaler closes Part 2 and collects C's money.
- C's payment pays back the transactional lender’s fee. The balance goes to the wholesaler's bank account as the realized profit.
- It may look like a complicated procedure, yet it's quite simple. A closing entity (e.g., an attorney or title company) is generally the middle entity acting for the wholesaler in Part 1 and Part 2 of the entire deal. They deal directly with the lender, the original seller, and the end buyer - removing the wholesaler from the heavy lifting.
Have a deal in NC ready for us to fund?
If you live anywhere in the country, we can help you. There are two simple options provided below. Choose one and get started on a road we guarantee you won't regret.