We are pioneering a new category of GAP funding and building working relationships with high-quality real estate investors that wholesale.
We close on the property in our business name and hold the title for you — this keeps further costs away from you on the legal side. We provide you an Option to Purchase the property at the price you agreed with the former owner. This is commonly referred to as the A2B side of the transaction.
Most wholesalers get an agreement with homeowners that they can close in under 30 days. We honor that times three to give you optional time if needed. The faster the better — holding longer than 30 days costs us and you more — but it is very manageable and you get peace of mind that it is there.
We have a maximum of 90 days usage on the money. At that benchmark, if for some reason you still are not able to sell the property (the B2C side), our company steps in and sells it and we cut bait from the deal together. We do not foresee this being an issue, as our experienced underwriting team considers your A2B side critically and thoughtfully with the goal of a win/win.
States we fund in
We are accepting applications in AZ, OK, GA, FL, TN, SC and NC — with more coming soon.
Expenses wholesalers / investors pay
A2B Closing
- 1 pt of purchase price
- $1,250 flat admin fee
- Closing costs (paid upfront if over 60% LTV, otherwise on B2C)
- 90 days insurance
- $350 inspection fee
B2C Closing
- Minimum 20% of the profit or $4,000, whichever is greater
- 1 pt per 30 days for money held, up to a 90-day max
- Closing costs prepaid on A2B are added to the loan balance
* If the property is not resold in 90 days our company will take over to market and sell it, and the agreement between us is void.
** The title is held in our company name with an Option to Purchase provided to the wholesaler / investor.