Transactional Funding (EMD & Double Close)
Short term funding, for special needs! WE LOVE to work with Wholesalers across the nation. Our brand new Loan Products are tailored to support you. We want to team up and help you close more deals & earn more money! If you want to LEVEL UP, OPM is THE WAY TO GO!
Funding for EMD (Earnest Money Deposit) – Funding
EMD is often scares when it comes to wholesaling, we understand the process and we want to support you. Think about it, how many more deals could you do if EMD money wouldn’t be a concern to you? How could you stick out against your competition, offering Higher EMD Amounts will increase your Success Rate.
We want to partner with you, Let’s get started!
Terms for EMD: To start the process a 10% Deposit is required (min $300) Non Refundable, Credited towards the Deal if Deal goes through. We charge 40% of the Amount needed
Funding for Double Closings (AB/BC)
Wholesaling gets more and more regulated and some states even forbid it. In a double close you take ownership and immediately sell the property on the same day. The problem is, a lot of wholesaler don´t have the capital to actually do this; and even if they have, they can´t do multiple of those deals at a time. And this is where we come in. We fund same day double closes! Money shouldn´t be the reason to stop you from doing great deals!
Terms for Double Close: 1.5% for a 24h transaction if it´s up to 500k (min return 2k) if a-b & b-c is all at the same title company 0.25% per additional day. For higher amounts slightly higher rates (1.75 for up to 1M, and 2% for more) and on request & on a case by case basis