Transactional Funding Up To 95 Days
By rkim777 on Wednesday, May 11th, 2011 | 3 Comments
Our extended transactional funding requires NO Credit Score, NO Business Plan, NO Appraisal, NO Loan to Value, NO Collateral.
Our transactional funding allows you to hold a property for up to 95 days after closing before reselling it.
- Residential
- Commercial
- Bulk REOs
- Short Sales
- Almost any other situation where a fast resale can be done can be ideal for transactional funding
NO Oil or Commodities. Our transactional funding is for real estate ONLY.
To start the transactional funding process for your deal:
- Application Form (click here to download a copy)
- Short Sale Transaction Worksheet (click here to download a copy)
- Copy of Drivers License
- Articles of Incorporation/Organization
- Bylaws/Operating Agreement
- Certificate of Good Standing (as of transaction date)
- Resumes of all Principals and/or Authorized Signers
- Brief Narrative Describing Business Plan
- Fully Executed A-B Contract (with all Addendums if applicable)
- Signed Approval Letter from A-Seller’s Lender
- For Short Sales: Seller Affidavit of Understanding: Signed and Notarized (click here to download a copy)
- All Investor Disclosures (e.g., Intent to Sell at Profit, etc.)
- Fully Executed B-C Contract (with all Addendums and Disclosures)
- Verification of C-Buyer Deposit (Min. Deposit of 3%)
- Approval Letter from C-Buyer’s Lender
- A-B and B-C Preliminary HUD-1 Closing Statements
- Property Valuation and Analysis Fee ($400 for first deal; $250 for each deal thereafter)
Our transactional funding fees vary with how long the property is to be held after closing. Click here to view our fee schedule.
We cannot proceed with funding your deal unless we get the necessary items above. Also, you MUST have the C buyer lined up and under contract to purchase the property from you in order for us to provide the transactional funding for your deal.
Please submit all documents to bob@proof-funds.com to start the transactional funding process.
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