What Types of Properties Can I Use Transactional Funding For?
Which types of properties and real estate deals can benefit from using transactional funding?
As the rest of the real estate world and lenders and banks began collapsing around 2008 transactional funding finally became available to the real estate investor community at scale. Transactional lenders, private lenders, and big funds provided essential liquidity and credit to keep the market alive, and rebounding.
More lenders have now returned to the market, and new conduits are popping up with new twists on asset based lending in order to try to keep fund and bank money working. With all these distractions some investors may not have tried the advantages of transactional funding yet, or may not be aware of how sources like Best Transaction Funding can boost their business in the current environment and make more deals possible. So why use this type of funding? How can you use it?
Property Types Your Transactional Lender May Fund:
- Single family homes
- Condos
- Multifamily properties
- Commercial real estate including; mixed use properties, hospitality, retail, and office
- Land and lots
Types of Deals Your Transactional Funding Source May Finance:
Transactional lenders surged in demand when the market was over bloated with REOs and short sales. Yet, there are many, many transactions and scenarios in which they may be used right now.
This may include:
- Vacant properties
- Banked owned homes
- MLS listings
- Hurricane damaged properties
- Fire damaged homes
- Wholesale deals and reverse wholesale deals
- You lender may even fund mortgage notes
Advantages of Using Transactional Funding:
Transactional funding offers many obvious benefits such as 100% financing, no appraisal or credit score requirements, and great speed.
This, and instant POF letters can all help real estate investors make better offers and be better positioned to compete for acquisitions. It also means being able to take on much bigger deals, regardless of your cash on hand. Some may want to begin using this financing tool much more frequently to leverage lower risk real estate investment strategies as the market begins to shift.
How will you use it?
Authored by Best Transaction Funding BestTransactionFunding.com is the leading source of transactional funding for real estate wholesalers in the US, where 100% financing, and saying “Yes” is what we love doing all day long.
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"I want thank you for the excellent service I received from Best Transaction Funding.The quick response I received from your company from the beginning of the transaction and to the end was unbelievable. I also want to give a special compliment to you as well. You went to great lengths to keep me informed and gave my title company all the information they needed to complete a successful closing. I cannot express how thankful I am. Such service builds great working relationships. I will definitely recommend Best Transaction Funding to all my fellow investors. Thank You."
- Frank Olaitan, Real Estate Investor, MD
"I can't thank you and your company enough for providing funding for our latest project, and right at the last minute. You came through with funding in less than 24 hours and coordinated with the closing agent and attorneys like you had been involved with our project the entire way. I'll know exactly where to call for the funding we'll need for our next project."
- Dave Pricken, Real Estate Investor, NJ
"Thank you so much! I just had a talk with our Realtor on both properties and told him amazing things about your company!... Normally I rehab the houses and re resells them. I just don't have the patience for that work anymore. This [transactional funding] is such a better way for me and less stress."
- Steven Kupecz, Real Estate Investor, TN
"We want to thank you for the exceptional customer service you provided. No one comes close. We had contacted a competitor the same time we contacted your company. Your company responded with in a few minutes while the competitor has yet to respond weeks later even after multiple phone calls and emails. Thanks again for the unmatched customer service."
"We had looked into several transaction lenders for a couple properties we were trying to flip. Your company was the most responsive and had the best pricing. Even though we had logistics issues with the B/C lender, your company acted very professionally and handled our requests beyond our expectations."
"Thank you for your commitment to an excellent customer experience."
- Phoenix Properties, LLC, Ronald Destefani, Investor, PA
"I was studying on how transactional funding works and you guys had the best and most thorough explanations posted so I could fully understand the details in back to back closing. I'd already started setting everything up but your video confirmed that I'm on the right track."
- La'Donna Turnipseed-Scott, Investor, LA
"....a few months back, I happened upon a video, on your site, regarding the use of transactional funding with Hud properties; and I found myself replaying the video over and over because of the value that I saw in the message...it actually explained the process, step-by-step on how to submit a Hud deal by using transactional funding. Once I completed the video, my initial response was to take immediate action by duplicating what I had learned from the video into real time. So I did some research on properties in a market where I knew I had buyers; and put together a hud deal. I then located a realtor able and willing to submit my bid online and within a couple of days, to my surprise, received a call telling me that I had won – my very 1st Hud bid."
"To you I say, ”KUDOS to Best Transactional Funding and Thank you for providing the education and services to Real Estate Entrepreneurs like me. Please keep up the good work!'"
- T. A. Davis, Investor, NJ
"You each deserve high marks for your wonderfully quick response time to each of our questions and requests! You hit home runs with us! Your application system was easy to use. Our deal met your qualifications and every time Rob Kozak or any member of Mystic Properties, LLC phoned, we received a "real" person dialing back to speak with us.
Your patience and persistence were exceptional in dealing with our business interests. Thank you for such great customer service! We look forward to working with your staff, again, in the future. We like referring people to you, as us, our team would have missed-out on an excellent earning opportunity.
Your help negotiating with our title company made our back-to-back deal, finally happen. People noticed on settlement day how effectively and efficiently your part of the transaction was organized and executed. Again, thank you for truthfully being the "BEST" at what you do!"
- Diane McAdams, Mystic Properties, LLC, Real Estate Investor, Pennsylvania
"Boy, you guys are impressive! I can’t thank you enough for scrambling and getting my deal done at the last minute like that. You and your team were awesome!"
- Donna Bauer, The NoteBuyer Inc., Real Estate Investor, OH
"Thank you so much for working so diligently with me. Your services really are the "BEST". I look forward to working with you in the near future!"
- Ericka B., Real Estate Investor, CA
