TRANSACTIONAL FUNDING
by Eclipse Funding LLC
This is a very special program only for Wholesalers. Please read the details of this program then apply online below for funding.
Transactional Funding:
This program is designed for Wholesalers. This funding program is a short-term loan provided to the Wholesaler who purchases a property and quickly re-sells the same property on the same day. The Seller that owns the property is known as Party A, the Wholesaler is Party B, and the End Buyer for the property is Party C.
Transactional Funding is also called Simultaneous Closing, and Wholesalers must have an End Buyer to complete the transaction.
ECLIPSE FUNDING LLC TRANSACTIONAL FUNDING IS AVAILABLE IN ALL 50 STATES!
Guidelines:
- Loan Amounts: $5k to $50M+
- Min FICO: None
- Points: 2
- Interest Rate: None
- Upfront Fee: None
- LTV: 100% plus Closing Cost
- Requirements: Must have an End Buyer
- Title Company: Same Title Company must perform both closings
- Funding: 1 Day
TRANSACTIONAL FUNDING
- Purchase Contract between A-Seller & B-Wholesaler (You)
- Purchase Contract between you (B-Wholesaler) and C-End Buyer
- A valid Driver’s License or State ID
- Title Company that will perform both A & B Transaction and B & C Transaction
Apply now through our [Transactional Funding – Online Application] (#) to take advantage of this unique funding opportunity with Eclipse Funding LLC!
Transaction Funding Program – Checklist
- Final HUD 1 with Seller – this is needed 24hrs prior to closing. (all pages)
- Final HUD 1 with End Buyer – this is needed 24hrs prior to closing. (all pages)
- Driver’s license or State ID. (Must be color for verification purposes)
- Signed Contract with Seller (all pages)
- Signed Contract with End Buyer (all pages)
- Title Company’s confirmed receipt of the End Buyer’s wire
Here are the steps moving forward
- Subject Property Address in Subject Line
- Check your credit scores here:Â
- Please send me a copy of the credit report with the attached documents.
- Please see the attached loan application and credit authorization form. We do need these filled out and singed so we can get the processor to start on this.
Please send all document toinfo@myfundingmentor.com
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