Transactional funding is a hard money loan that wholesalers utilize to quickly buy and sell the same investment property. This loan is used for properties that are not assignable to a third party holder.
Transactional funding loans allow wholesalers to be cash buyers at closing, mitigating potential risks with seller and schedule complications. This kind of short-term financing allows real estate wholesalers to buy and sell properties quickly without using any of their own money.
Transactional Funding Made Easy
FlipCo has perfected the transactional funding process. Don’t wait weeks for your money, get funded within 72 hours, and start closing deals quickly. We have a seamless process for getting you your transactional hard money loan. Participate in a transaction without bringing funds to the table and allow us to fund your deal. Contact us today about our hard money loan options.
What Clients Say About Us!
At FlipCo, we understand that time is of the essence for real estate transactions. We can fund projects within 48 hours of receiving clear title and all underwriting documents.
The most important part of our deal structure is ensuring our client are set up for success. We go the extra mile to ensure that title issues are not overlooked, legal documents are prepared correctly for our clients and that our clients have all the tools they need for their projects. Our client’s success comes before anything else.
The monthly interest payment calculation is explained in detail via the agreed upon Term Sheet that is signed prior to project closing. We charge interest only payments and only ever on funds used.
Yes, every property we lend on is required to have title, builder’s risk, hazard, and general liability insurance.
- Single Family Residential, up to 4 doors (No Owner-Occupied)
- First lien position
- Previously flooded properties require additional diligence from our underwriting team
- Additional square footage will require a survey prior to funding
We typically approve our clients within 48 hours of receiving all required documents.
We do not require third party appraisals. All underwriting and price opinions are performed in house reducing project costs as well as providing enhanced efficiency to the underwriting process timeline.
- Last 3 months of bank statements
- Financial statement
- Completed borrower application
We offer a 3 and 6 month term.
FlipCo typically does not require a credit check. We pride ourselves on lending on the asset and strategy rather than the borrower’s credit score.