Transactional Funding Lender’s Rates Vary Greatly.
Below Is a Detailed List of 14 Transactional Funding Lender’s Rates and Terms.
Dear fellow real estate investor:
The following information on transactional funding lenders is believed to be accurate and was derived from the transactional funding lenders websites or other sources indicated below. It should not to be considered absolutely reliable as transactional funding lenders can change their lending guidelines at any time. You should check before you make any decision to fund your real estate transactions using any of the indicated providers. Some say they will lend in any state while their information contains limitations on the states where they actually loan.
I made this compilation because I wanted to use transactional funding and found some of the websites and information from these funders to be inconsistent and outright inaccurate. More than one of these transactional funding lenders claim to have the lowest rates in the country; their rates are even competitive with others in the industry.
I listed the data in the order of the minimum flat fee that each lender requires. As you will see, www.TransactionalFundingFL.com actually has no fees on certain sized transactions and the overall lowest fees in the industry. I know people who used them and I have been told their service is exceptional. However, at this time they only loan in Florida.
If you find any inaccuracies in the following data, please let me know and I’ll gladly correct it.
Real Estate Investor
Transactional Funding Lenders’ Comparison of Rates and Terms
The above information is believed to be accurate and was derived from the websites or other sources indicated above. The results are not to be considered absolutely reliable and should be checked before you make any decision to fund your real estate transactions using any one of the above providers. I made this compilation because I wanted to use transactional funding and was looking for the “best deal”. I did the survey between the dates of 5/20/16 and 5/25/16 and generally found the websites and information from a few of these funders to be inconsistent and outright inaccurate. For example, more than a few said they had the lowest rates in the industry and their rates were not even competitive. In some cases the complete information needed to make an informed decision was unavailable except by application which I choose not to do. New funding sources appear to be coming online frequently and I would strongly advise any reader and potential borrower to contact the lenders who show the “best” rates initially and interview their management.
Heritage Realty Services, Inc.
Rates for Transactional Funding:
1 Point (1%) of the funds needed to purchase the property on any amount up to $500,000.
We fund 100% of this purchase price.
Above this amount, rates are available only by request.
All transactions also have a $50 wire fee.
Transactional Funding is for A – B and B – C closing transactions that take place as simultaneously as possible. To fund these transactions we must approve them at least 24 hours in advance of the closings. Funds to purchase the property due from the end-buyer (“C”) MUST be wired into the closing agent and these funds cleared in their escrow account prior to the A – B closing for the Transactional Funding to be approved.
Transactional Funding is limited to one to three days. If the closing for the B – C leg takes longer additional rates will apply and these will be equivalent to hard money rates or per diem charges will apply.
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Any questions, contact us at 954-274-1003