Skip to content
×
Pro Members Get
Full Access!
Get off the sidelines and take action in real estate investing with BiggerPockets Pro. Our comprehensive suite of tools and resources minimize mistakes, support informed decisions, and propel you to success.
Advanced networking features
Market and Deal Finder tools
Property analysis calculators
Landlord Command Center
ANNUAL Save 16%
$32.50 /mo
$390 billed annualy
MONTHLY
$39 /mo
billed monthly
7 day free trial. Cancel anytime
Wholesaling
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

Updated about 9 years ago on . Most recent reply

Account Closed
  • Investor
  • Madison, WI
35
Votes |
51
Posts

Transactional lenders

Account Closed
  • Investor
  • Madison, WI
Posted

Does anyone have any experience using a Transactional lender for a double close? If so I have a few questions: 

1. What were the fee's like ? 

2. How much funding did you receive? 

3. Is there anything that isn't commonly discussed that someone using transactional funding should know?

Most Popular Reply

User Stats

187
Posts
86
Votes
Duane Ortega
  • Transactional Funder
  • Neptune, NJ
86
Votes |
187
Posts
Duane Ortega
  • Transactional Funder
  • Neptune, NJ
Replied

Hello Lakeem.  This is Duane Ortega, and I am a transactional funder.

See >>> below

Does anyone have any experience using a Transactional lender for a double close? If so I have a few questions:

1. What were the fee's like ?

>>> Generally 1.75%-3% + processing fee of $395-$595

2. How much funding did you receive?

>>> There is no minimum funding amount with most lenders.  Maximum is usually in the millions.

3. Is there anything that isn't commonly discussed that someone using transactional funding should know?

>>> Google me, find my website, review FAQs or call and email me.

Loading replies...