Is anyone doing 30/60/90 day funding?

[Eric M.]

I have done some hard money lending of my own funds and I dabbled in the 1 day transactional funding for short sales but that has dried up. Seems like what SS investors need now is 30 and 90 day funding to get around certain seasoning requirements.

But this is scary stuff since it is basically lending 100% of the purchase price on the hope that the purchase contract for the flip holds up...and we all know how many don't hold up.

I have heard of many of the "transactional lenders" trying the 30 day stuff but not doing it anymore. Don't know why.

Is anyone doing these loans, what are you charging? How are you protecting yourself?

Thanks
Eric