Same Day Closings, 1% Fee.
Our simplified process make it possible to close as quick as same-day.
Expect courtesy and reliability. We want to build long-term relationships.
We will always be honest with you. If a deal does not work for us, we'll quickly tell you.
We collect the A-B contract & the B-C contract.
We coordinate with the escrow agent to wire funds.
Make your profit without disclosing the spread to your buyer.
Transactional funding is a short term loan issued to wholesalers to buy and sell an investment property on the same day. This loan term on a transactional funding is only one day and is used to facilitate a wholesale transaction with no money required by the wholesaler. The wholesaler does not need to “assign” the contract, but rather can close on the purchase agreement themself. This is also known as a “double close” and some call it an “AB-BC” transaction. “A” represents the seller of the property, “B” represents the wholesaler, and “C” represents the end buyer, who is often a house flipper or another real estate investor.
Wholesalers will use transactional funding for three primary reasons:
Keep their assignment fee confidential. Although it is not illegal to assign contracts in many states, some end buyers will kill a deal if they see an assignment fee that they feel is too high. Closing with transactional funding means the wholesaler is closing with cash and takes ownership of the property (very briefly). The profit you are making on the property will not be disclosed to your buyer.
Credibility as an investor. The wholesaler will show credibility to the seller that they truly are “cash buyers” by closing on the property in their name using transactional funding. This makes it easier to show the property when it is under contract. It also gives the seller more confidence knowing the transaction will close.
The subject property cannot be assigned. Sometimes property being sold by the government cannot be assigned. There are certain end buyers that will also refuse an assigned contract, making a double closing funding program the best option to see the deal through to the finish line.
We do not have a minimum amount or maximum amount (fees may change on transactions over $1,000,000, call for details.)
1. You must have a property under contract with a seller and an end buyer under contract to purchase the property.
2. The two closings must take place at the same title company.
3. You do not need any income verification, credit check or experience.
Common transactional funding fees can range up to 4%. With us, there are no upfront fees, meaning no money out of pocket for you! We charge a 1% transaction fee (lowest in the industry!) and a $50 wire fee.
– No Credit Check
– No Experience Needed
– No LTV Calculations
– No Money Out of Pocket
– No Down Payment
– No Appraisal Required
– No Bank Statements
– No W-2/Employment Needed
– No Income Verification
– No Liquid Asset Documentation
– Prior Bankruptcy & Foreclosure OK
– 100% Funding (includes purchase price, closing cost and fees)
"We could not assign a contract and at the last minute had to call Junegrass. We closed quickly and it was so easy"
"I have done 4 deals with these guys and will never use anyone else."
"I normally just assign contracts but had occasionally have to double close, Junegrass is my go-to everytime
"When our primary financing option fell through we went to Junegrass and they saved the day for us"
"Other borrowers would lead me on and change the terms at the last minute but not you guys."
"Just paid off my first hard money loan and I HIGHLY RECOMMEND. Dylan and his team were always transparent"
"Thank you for your support throughout our project. Having a good team makes all the difference."
"Thanks to Junegrass Lending, we have flipped our 5th house!! We can't recommend them enough,"
"if you aren't sure about financing, go to junegrass lending. any and all questions. they know their stuff."
"Thank you for your speed and honesty, you really helped me profit more on my first rehab project."
After endless cold calls and aggressive prospecting, finding a great wholesale deal is a thrilling experience. But the question always comes, how will my end buyer feel about my fee? Will they think it is too much? Will I have to lower the price? Will this kill the deal?
These questions can be soother over with a simple solution: transactional funding.
Get the best transactional funding so you don't have to worry about these questions killing you deal. The process is simple, easy and fast. The most important things are that the double close takes place on the same day, at the same title company. We can almost always fund a deal if those two things happen. It also helps to make sure ahead of time that your title company is familiar with transactional funding and can handle the process of closing both transactions for you on the same day.
Keep your wholesale business rolling by not having to disclose your fees or upset your buyers. End buyers are often repeat buyers and retaining a solid relationship with them is the balanced lifeblood to your wholesale business.