Starting to Offer Transactional Funding - Need Help

[Adrienne Ryan]

Hello,

I have recently decided to expand my business and start to offer Transactional Funding. I know the concept and what is involved (to some extent). I am very appreciatively asking for any help in the following areas:

1. a sample of a Transactional Loan Document

I've scoured all over and can't seem to find loan documents for Transactional Funding.

2. a sample of Escrow Instructions

I want to make sure I clearly state not to fund AB if BC doesn't happen

3. a list of items I should request from the borrower (I already have a list, I just want more suggestions, can't be too sure)

4. Anyone know if there are any laws or regulations in NC concerning this business? Can I just open my doors or do I need to do anything legal before I get started. I am already an LLC.

5. The steps I should follow/expect the first time

5. Any other advice from someone in the Business would be fabulous. Some do's and don'ts would be nice.

Thank you all so much! Working late as usually, so if I don't make sense, please be nice.