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Updated 11 days ago on . Most recent reply

What is a Transactional Loan?
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.
Don't miss out! Contact us today to learn more. #CoreLend #Financing #FinanceTips #TransactionalLoan #MoneyMatters #BusinessLoans #QuickFinance #FinancialEducation
- Richey Ward

Most Popular Reply

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.