Transactional funding is a short term loan provided to wholesalers who purchase and re-sell a property the same day. This is often called a “Back to Back Closing” or "Double Closing." The seller is typically called "Party A.” The wholesaler is typically called "Party B." The end buyer of is typically called "Party C." Transactional funding deals are also sometimes called "A-B - B-C" transactions.
Transactional funding is typically needed in these situations:
No. This is asset-based lending, so your credit, debt, and personal financial history do not matter. No credit checks, bank statements, or income documentation needed!
4% plus a $1,000 doc fee (up to $500,000). Above $500,000 is priced on a deal-by-deal basis.
Yes, JLN Capital Group requires both the A-B and B-C transactions occur at the same settlement office or title company.