Transactional funding

[Steven Bommarito]

how does tansactional funding work? Do I need to have enough money personally to cover the loan if my buyer walks? I need someone to explain this process please? Thank you

[Peter MacKercher]

Originally posted by @Steven Bommarito:

how does tansactional funding work? 

Taken from best transaction funding.com

THE BASICS

A one to three day, back-to-back real estate transaction funding involves 3 parties and 2 stand alone closings.

"A" - Seller

"B" - Investor

"C" - End Buyer

"A" sells to "B"(AB Closing) and "B" sells to "C"(BC Closing)

On the same closing day or up to three days, you sell the same property to End Buyer C. These two transactions, or closings, must take place on the same day or up to three days and use the same title company or closing agent. The C end buyer's funds must already be in escrow when AB closing takes place.