What is a Transactional Loan?

[Richey Ward]

Ever wonder how businesses fund one-off deals or quick-turnaround transactions? Learn all about transactional loans—what they are, how they work, and when to use them—in our latest video!

Watch now and get smarter in under 5 minutes!

📊 𝐖𝐞 𝐚𝐫𝐞 𝐞𝐱𝐩𝐞𝐫𝐢𝐞𝐧𝐜𝐞𝐝 𝐥𝐨𝐜𝐚𝐥 𝐌𝐞𝐦𝐩𝐡𝐢𝐬 𝐚𝐧𝐝 𝐁𝐢𝐫𝐦𝐢𝐧𝐠𝐡𝐚𝐦 𝐢𝐧𝐯𝐞𝐬𝐭𝐨𝐫𝐬 𝐚𝐧𝐝 𝐭𝐡𝐞 𝐦𝐨𝐬𝐭 𝐞𝐱𝐩𝐞𝐫𝐢𝐞𝐧𝐜𝐞𝐝 𝐥𝐨𝐜𝐚𝐥 𝐥𝐞𝐧𝐝𝐞𝐫𝐬. We care about your success. We only fund loans that we would do ourselves.

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[Christopher Fahey]

Used by wholesalers and including myself where you purchase a property with the plan to sell the property to a buyer at a higher price. The transactional lender will finance 100% of the cost of the property including closing costs as long as certain conditions are met 1) you have a contract with a seller,2) you have a contract with a cash buyer,3) both transactions take place the same day and same escrow agent. It’s very important you have a lawyer or title company that understands double closings and works closely with your transactional lender. Most transactional lenders can email a Proof of Funds letter and usually do not require credit or bank info because their funds remain in escrow til end buyers funds are in escrow also, Good luck.