What Exactly Is Transactional Funding?
The transactional loan is specifically designed for real estate investors. It is also known as a short-term transactional hard money loan that makes it possible for investors to purchase an investment property without using any of their funds. What’s more, there is no need for credit or income verification as well as the paperwork is simpler than other loans. It is also ideal for those looking to do quick house flips or wholesale deals.
Usually, investors use the transactional loan to purchase short sales. These types of sales usually feature contracts that can’t be assigned and are held by a bank. Just because of this feature, the banks’ security interest that holds the assets must be satisfied before the property can be sold by the prospective investor. Once the security is satisfied, the potential investor can establish secondary funding to buy the short sale property.
Single-family, multi-family buildings, commercial properties, and even land are flipped using transactional funding wholesaling. These types of properties can be purchased as sales, REOs, or any other means of purchasing real estate. To get the transactional funding, you can contact a reputed transaction lender in California.
Get Help From Hard Money Loans For A Transactional Loan!
At Hard Money Loans, we review your deal, answer any questions you have and since these are time-sensitive transactions, help you to close as soon as possible. Since wholesale short deals are typically time-sensitive; our financing process is streamlined to ensure a fast closing for every worthwhile deal. We pride ourselves in our ability to help guide our investors every step of getting the best transactional funding. Our all underwriting and construction draws are done in-house for the quickest possible turn-around.
Why Choose Hard Money Loans?
Here are the main reasons why you should choose Hard Money Loans if you need a transactional loan to finance your short deals.
- We have funded hundreds of loans outstanding and completed.
- We serve our clients with honesty, integrity, and competence.
- Our process is fast and efficient.
- Our low-cost loan structure allows you to keep more of your wholesale profits.
- We offer funding options while providing a fast response and affordable rates
If you think you might need transactional funding for real estate investment, contact us at +1 (310) 666-8884.
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