Residential or Commercial Hard Money Loans for Transactional Financing
Hard Money Loans. As a real estate investor hard money loans can help you become very successful and wealthy because you can leverage your opportunities with Millions of dollars of private investor financing to seize investment opportunities that may not have been previously available to you. The key to successful investing, whether it is real estate or anything is to be prepared to take advantage of your opportunities. That is the purpose of these private bridge loans, provide short term financing to real estate investors. On type of Hard Money Loan is Transactional Financing. Transaction Financing Defined. Transactional Financing is the shortest term hard money loan. This is a bridge loan for one day. This loan is made specifically for investors who were doing flips and can no longer do double closings. Simultaneous closings are no longer acceptable and transactional funding makes simultaneous closings possible. The private bridge funding investor provides funds for one day. The funds are necessary for the real estate investor to take actual ownership of the property by financing it and immediately selling the property to someone who will pay cash or have their financing in place. How to Use Transactional Financing. As a real estate investor you want to identify properties and then identify a buyer to sell the property too before you take ownership. The properties you identify are generally distressed properties below market value tied up until you can find a buyer to take it off of your hands. This is what would separate you from most other investors, because you must begin to develop a number of ready buyers before you acquire the properties. These buyers need to have a source of funding already in place to facilitate a quick turn for you and them. In essence you could be a super investor providing below market deals that you will own and take a profit as part of the simultaneous closing. Hard Money Loans for Transactional Financing. In short transactional financing is short term funding from private investors that will facilitate simultaneous closings for your deals. To you the real estate investor, you pay lower fees and have a lower risk because you do not get stuck with any deals that will not close. You make a quick profit just by immediately flipping properties. I know flipping properties and double closings are dirty words in today’s market, but transactional financing helps you legally close these loans and make a handsome profit doing so. All Dominion Mortgage As a hard money lender All Dominion Mortgage has private investors who are anxious to do transactional financing deals. If you have projects or scenarios to discuss email us at louisj@alldominionmortgage.com or leave a comment below and we will address contact you immediately. |
