Funding up to $2,000,000.   Available Nationwide except in CA, UT, & NY

Transactional Funding is a short term loan provided to wholesalers who purchase and quickly re-sell a property the same day. This is often called a "Double Closing". The seller of the property is typically called "Party A". The wholesaler is typically called "Party B". The end buyer of the property is typically called "Party C". Transactional Funding deals are also sometimes called "A-B - B-C" Transactions.

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Our clients use our Transactional Funding Service for three basic reasons:

1. They have a contract that is NOT ASSIGNABLE to a third party. This is typical when purchasing properties off MLS, bank owned properties, or properties owned by government entities (HUD, FHA, Fannie Mae, etc).

2. The wholesaler is choosing not to assign the contract in order to maximize their wholesale markup. Many times end buyers will not purchase a property if the assignment fee is too high. You do not have to disclose your contract details to the end buyer when you utilize Transactional Funding.

3. The wholesaler needs to stay in compliance with State laws that do not allow assignment of contracts.

There is no minimum funding amount. The maximum funding amount is $2,000,000.

For deal sizes up to $1,000,000, the fee is 0.75% (minimum $1,000). For deals above $1,000,000 and up to $2,000,000, the fee is 1.50%. Fees are based on the purchase price on the A to B contract. There are no upfront fees, no additional fees, and no fees if the transaction does not close.

No. There are no personal financial requirements to obtain Transactional Funding. We do not run your credit and do not require bank statements, tax returns, etc.

Straightline requires both the A-B and the B-C transactions occur at the same settlement office or title company. Some exceptions are possible so please discuss your specific situation with a loan officer if your transactions are closing at different offices.

We offer Extended Transactional Funding, covering 100% of the purchase price and closing costs up to 80% LTV in non-judicial foreclosure states and 75% in judicial foreclosure states. Available in AL, GA, IN, MO, NC, OH, PA, SC, TX, and VA. Loan term: 3 months. Property types: 1-4 family (no condos). Credit score: 700+. Max funding: $150,000. Interest rate: 12%. Fees: 2% of loan amount or $2,500 (whichever is greater), $999 processing, $799 doc prep. Valuation required. Closing: 5-7 business days from valuation order. For questions or deals, call 888-309-1972.

We offer free Proof of Funds letters to our clients. Simply click the "Proof of Funds" button on this page and fill out the request form. We will email you the letter in PDF format.

• The A to B Contract

• The B to C Contract

• Drivers License

• Corporate Docs (Articles of Org/Incorporation, EIN Document; Articles of Org)

• If the C Buyer (End Buyer) is getting a loan to purchase the property, please send any information from the lender (pre-approval, term sheet, etc)

We can fund deals as quickly as the same day if all required documentation is provided by you and the title agent or closing attorney. However, we prefer to receive your submission and documentation once you have obtained your B to C contract and are ready for the title process to begin.