We charge 40% return for EMD funding and 1.5% for double close funding to start. These numbers can change depending on the duration of the deal and risks involved. Seller Carryback funding starts at 2.5% as there is considerably more involved. All deals have a $2,000 minimum return.
For EMD, we charge $250 to pay our team for underwriting and processing the deal. Sadly we must do this so we don't end up losing money by funding your cancelled deal. If you are confident in your deal closing, this will have no effect on you!
Typically this involves lending funds during a transaction and generally the funds stay in escrow until they are returned. Funds that are needed after closing or beyond closing are generally not considered transactional. We currently support EMD funding, Double Close funding and Seller Carryback Downpayment funding.
We can fund EMD for end buyers, but it is rare. At the end of the day, our funds have to be protected no matter what. Typically that is done through an inspection period. If you have no inspection period on your deal or the EMD is non-refundable then we will not fund your deal.
We will fund up to $250k on EMD and $10M for Double Closings. As long as your deal qualifies under our standards, we will be your one stop shop for all transactional funding both now and in the future!
We typically require 48 hours of notice to fund a deal, however we have funded in as quickly as 5 minutes (seriously). If you have a deal, your best bet is to submit it as soon as possible so we can review it and get the process started.
If your deal does not close, we do not charge you any margin fee. Your only cost would be the upfront fee since our transaction coordinators have already worked on the deal for you.
Schedule an introductory call with us so we can explore ways to help you close more deals. We want to be your partner to close more deals that put money in your pocket.
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