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Updated about 3 years ago on . Most recent reply

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91
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52
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Anibal Mijangos
  • Specialist
  • Los Angeles, CA
52
Votes |
91
Posts

Double Close Funding in CA

Anibal Mijangos
  • Specialist
  • Los Angeles, CA
Posted

Although it's not an every deal situation, I'm trying to be prepared for when a double close is needed for a wholesale deal. As someone that doesn't have hundreds of thousands of dollars in liquid capital to purchase a home for the A to B side of the double close (especially in CA), how would I go about getting the funds for something like this? 

Would a hard money lender suffice? Or would I need to find a lender that offers specialized loans for this kind of transaction? If so, what kind of loan is this? (and any recommendations) 

Most Popular Reply

User Stats

423
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267
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Jayson Cain
  • Lender
  • Manhattan Beach, CA
267
Votes |
423
Posts
Jayson Cain
  • Lender
  • Manhattan Beach, CA
Replied

Hi Anibal,

We've done this before, but under very specific situations where we helped from A to B to C (end-borrower/buyer). Let me know if you have a specific scenario and I'd be glad to look at it. 

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