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How much should I charge to provide very short term funding
I have an investor friend wanting me to provide very short term funding for deals they are wholesaling. I need to get more details on how exactly this will work, but as he tells it the funds may only be needed for minutes, or hours, just long enough for them to sell/transfer to me and then sell/assign to their buyer.
He said 1 pt is normal but I've heard 2-3 pts elsewhere. Thanks
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Jay Hinrichs
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depends on the size of the deal.. most transactional lenders have a minimum fee expressed in dollars not in points.
you do a 40k deal for 400 bucks ?? lot of work for little money.
when i do these I have a minimum fee of 2k and if its a big one then might go to 5 to 10k size matters.
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