Transnational Funding cover closing cost & price of home?

[Demarco Brown]

I have a deal under contract that has a no assignment clause, so i am forced to double close and use transactional funding, which i know will cut  into my profit. My questions is do i also have to come out of pocket for the closing cost, or will the lender cover the price of the house and the closing cost? 

[Jesse LeBlanc]

Good Afternoon @Demarco Brown, first of all CONGRATS on landing that deal my man.  I hope you're keeping your marketing consistent and focusing on keeping your pipeline full and making your sellers happy with you referring more folks over to you! :)

As for Transactional Funding, I can cover all of your costs on the AB side. That includes your purchase and closing costs less any EMD you already submitted. Then I will supply the same closing company with a loan payoff letter, that will include the full amount I wired plus the fee which will be paid off from your proceeds on the BC side so you don't have to worry about bringing anything to the table except your EMD if you did send that in.