Wholesalers know the value of money. Therefore, it can be tricky if you're interested in closing a deal but don't have thousands of dollars sitting around in cash to put down as a deposit. In situations like this is where our experts become your savers. At Wholesalers Transactional Funding in North Carolina, we can provide you with quick funds to make an offer on that property.
Our company has been helping wholesalers since 2021 with double closing processes. We understand how the industry functions and work hard to meet our clients' standards. We're professionals helping you succeed in your legal transactions. Take the opportunity and contact us to discuss your situation ASAP!
How The Process Work
To start the funding process, fill out our online application. From there, Michelle or Jesse will inform you of any missing documents and answer any questions you may have. On our website, you'll find two options:
1) The first one is for those who still don't have a deal arranged but are close to it. We'll then email you more information on our process and fees.
2) The second option is for those who already have a deal in place. In this case, we'll need basic information on the property, your purchase and sale contracts, who you're closing with, and when the closing date is. From there, we'll take care of the rest until the day of closing when we fund your deal.
3 Unmatched Advantages Of Transactional Funding In North Carolina
1) Straightforward Processing
The main advantage of wholesalers transactional funding is that it's a very straightforward process. Unlike traditional loans, there's no need for a credit check or employment verification. We also don't require tax returns or bank formalities.
2) Easy Qualifications
Most of the time, you need to tell us who the end buyer will be, the sale price, and who the closing team is so we can begin working directly with the closing attorney or title company. That's it! Sometimes, we may require additional information, but we'll let you know.
3) Implementation Speed
We'll send the wire to the closing company within MINUTES of confirming both AB and BC side docs have all been signed and the end buyer's wire is in escrow. We'll communicate directly with the closing attorney or title company to be on standby, waiting to get our wire out for you. Our company aims to provide speed without risking quality, and we excel at it.
The Solution For Real Estate Wholesalers
Don't let that great deal pass you by because you don't have the cash to fund your deal. At Wholesalers Transactional Funding in North Carolina, we can provide you with the quick capital to take advantage of opportunities as they arise.
Jesse LeBlanc, Wholesalers Transactional Funding's founder, has operated a wholesale company for years. Therefore, our team knows first-hand the ins and outs of the industry. Our team is capable and ready to assist you in a double close; click the link below to start now and benefit from our transactional lending 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.