TransactionalFunding.net Announces New Transactional Funding For Real Estate Investors
Portland, OR (PRWEB) July 26, 2013 -- Every real estate investor knows how important it is to secure funding when it comes to real estate investing. TransactionalFunding.net now has a solution for real estate investor who are looking to wholesale their properties. They just announced that they have transactional funding available for all types of investments.
Whether it's REO's, bulk REO's or short sales, they are able to provide funding for just about any transaction of any size. There is no minimum amount they will fund either as long as the end buyer is in place. They are able to fund any residential or commercial property as long as it's a quick flip.
"We are excited to partner with real estate investors and assist them with their flips," says Matt a spokesman from TransactionalFunding.net. "Our goal is to be the funding partner everyone wants to go to because we are fast, friendly and very creative when it comes to handling real estate transactions. No one knows this business better than us!"
Transactional funding is typically used for quick flips. The transactions usually happen back to back of each other so the money is only used for a short amount of time, usually long enough to satisfy the requirements of the seller. This is why transactional funding has become so popular among real estate investors.
The fees are also a lot less because the money is usually only tied up for short amount of time. Transaction fees for same day transactions range from 2% - 2.5% depending on the transaction size. Here are the typical fees to use the funds compared to a hard money or conventional loan.
One of the many differences between transactional funding and using a hard money or conventional loan is qualifying for it. With hard money or conventional loans, one must have good credit and/or solid income and assets in order to qualify. With transactional funding, it's not necessary because the money is only used when an end buyer is in place. So it's important to have that cash buyer lined up to flip the deal to.
All real estate investors who make offers on property know about deadlines and how important it is to keep deadlines. Deals can fall through because deadlines are not met. TransactionalFunding.net understands how important deadlines are and plan accordingly. Typical turnaround time for residential property is 2-3 days after all paperwork has been submitted. Matt says it can be done quicker with the cooperation of the individual.
Another important piece to transactional funding is the proof of funds and the proof of funds letters. Most banks and lending institutions now require a proof of funds letter to be submitted with every offer. They want to see who is serious and who is "just looking". Well we've got that covered as well with our proof of funds request. Get proof of funds here.
At anytime, investors can submit a proof of funds letter request that will help show the bank they actually have the money to fund their side of the transaction and not some made up letter. All are backed by us.
For those looking for a good transactional funding partner, give us a call or visit our site http://www.TransactionalFunding.net
Matt, Transactional Funding, http://www.transactionalfunding.net, 888-255-9317, [email protected]
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