Viewing 1-1 out of 1 blog(s)
What is transactional funding, anyway?
Date: 11/02/2009 / Category: none
,
Current Grade A
Preview:
People are asking more and more about transactional funding, so I'd like to offer up some basics.
Transactional Funding is a one day loan that real estate investors use to buy property that they then sell to a 3rd party that same day. For example, let's say that you make a short sale offer on a house to Big National Bank for $100,000. They accept that offer. You then find a buyer who will pay you $130,000 for that same house. You use transactional funding for a one day loan to pay off the bank at closing. Then, after closing... continue reading >>
