Kansas City Transactional Funding
What is Transactional Funding?
Transactional funding is a form of short-term lending program which allows you to purchase a property using none of your own funds, as long as you have a buyer to close their purchase the same day. These transactions are often referred to as ‘assignments’.
If you are able to locate low-cost properties, you can use transactional funding to turn a fast profit. As long as you have a guaranteed buyer on the property, you will be able to obtain the funds necessary to make your initial purchase in the morning, and sell the home in the afternoon!
Don’t Go Through the Bank for Short Term Loans
Not being flush with cash doesn’t have to be a barrier to flipping real estate. The solution generally isn’t to go through a bank for a loan, as they typically require more time and a large down payment. These terms don’t work on transactional funding deals. Here at Crossroads Investment Lending, we specialize in fast, dependable funding for investors.
Advantages of Transactional Funding
A big advantage of funding your purchase in this way is that your credit score and income is not an issue to us like it would be for a bank. As long as you have a guaranteed buyer, we are prepared to supply you with the capital to make your purchase. All of the fees will be taken from the proceeds after you have closed the deal. You don’t have to bring any money to the table or put up any sort of collateral.
In most cases, we will be able to supply you with 100% of your purchase price. Compared to other potential methods of closing such a deal, the paperwork is easy and straightforward.
In the event that your sale transaction falls through, we can quickly convert your loan to one of our Fix & Flip or Bridge loans, to keep you on the path to a profitable investment.
What Does it Cost?
We offer a streamlined process with limited cost to the investor.
- Document Preparation: $495
- Loan Origination Fee: 2% of the purchase amount, minimum $1,500
- Reduced to 1% if we fund the loan for your buyer!
Contact Us Today!
If you are interested in using our transactional lending services, please contact us either by telephone or by visiting our office in Overland Park. Our knowledgeable team members will be able to answer any questions about the process you might have. Our main goal is to provide you with a service which is quick and easy. In fact, it often spans just one or two days!
Don’t get bogged down with unnecessary details like you would if you did this kind of transaction through a bank – let us take care of them while you focus on what really matters – the deal itself. If you have any questions about transactional funding, just get in touch with us and we’ll help you out.
Why Choose Us?
- Family Owned & Operated
- Local Fix & Flip Finance Experience
- All Credit Scores Considered
- Close in 7-10 Business Days
- Short Term Loan for Investment Projects