For 24 hour transactional loan:
Properties under $125,000 = $1,250 flat fee.
Properties $125,000 to $499,000 = 1% of the purchase price.
Properties $500,000 and up please mention it in your application or contact us at parker@palmrei.com.
*Please note there is a 0.2% fee per each additional day our money stays in escrow. To avoid this please make sure you have all contracts ready and a cash buyer set in place.
Transactional funding (or double close funding) is short-term funding for wholesalers (usually 24 hours or less) available for buying and reselling a property within the same day, often referred to as a "double closing."
Transactional funding can help you close more deals in the event you have capital tied up in other wholesale deals.
It also helps you keep your profits discreet from your end buyer.
And, no credit checks required!
We can get your wholesale deal funded and closed within the same day if you have your end buyer in place.
We make sure the end buyer will have their funds in escrow before funding the deal to ensure it will close.
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