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All Forum Posts by: Jacek Nowakowski

Jacek Nowakowski has started 1 posts and replied 2 times.

Post: Transactional funding underwriting

Jacek NowakowskiPosted
  • Private Money Lender
  • San Diego, CA
  • Posts 2
  • Votes 0

Shari - this was very informative, thank you.

I noticed in the ads of the nationwide TF companies that they prefer (and some require) that the B party be an entity, and not an individual. Why is this important?

Jacek

Post: Transactional funding underwriting

Jacek NowakowskiPosted
  • Private Money Lender
  • San Diego, CA
  • Posts 2
  • Votes 0

Hello,

I'm a private lender and I've been approached recently about providing transactional funding for a wholesale deal. I've never done one of these transactions before but have researched them online. I was wondering if I needed any documents (i.e. a contract) between the "B" party and myself or is it all done between the escrow company and myself? What are the crucial escrow instructions to look for? Any tips on how to conduct this type of transaction safely would be greatly appreciated.

Jacek