Transactional Funding
A transactional loan, also known as a same-day private money loan or double close, serves as a financing solution specifically designed to facilitate the simultaneous purchase of a property from one party and its subsequent sale to another. This type of loan allows investors to leverage the interests of both parties involved in the transaction and act as a mediator to successfully complete the deal. Transactional funding is commonly utilized by investors who aim to capitalize on time-sensitive investment opportunities. However, there are several other compelling reasons to consider transactional funding:
Eliminates the need to use your own capital: By utilizing transactional funding, you can close on a property without having to invest your own capital. This saves you from the financial burden of funding the entire transaction.
Provides a competitive advantage: Transactional funding offers 100% financing, similar to cash buyers. Being able to approach the table with quick closing capabilities and full funding gives you a competitive edge over other buyers.
Relies on contracts, not credit score: Unlike traditional loans, transactional funding does not heavily rely on credit scores, employment verification, or collateral. This means you can bypass the process of credit history checks, protecting your credit score from potential negative impacts.
If you are an investor seeking transactional funding, we invite you to explore our transactional funding program. It offers the opportunity to leverage these advantages and facilitate successful double closes.
For any inquiries or concerns regarding these types of loans, we encourage you to apply through our online application process. Once submitted, one of our experienced loan officers will promptly reach out to you. Alternatively, if you prefer direct contact, please feel free to reach us at 832-275-0990. We are here to assist you with any questions you may have.
Please note that all loans are subject to approval from FIBI Capital LLC. We reserve the right to modify or adjust any of the advertised programs at our sole discretion.