Frequently Asked Questions

Can you provide a Proof of Funds Letter for my real estate deal?
Yes we can. You simply need to fill our our Proof of Funds request form. This can be found by clicking on Proof of Funds at the left of this page. 

How much are your fees?
We offer some of the lowest fees in the industry. You pay only $1,495 on deals up to $50,000. See our Funding Fee Schedule  for details on our fees for up to 12 months.

Do you fund everywhere in the U.S.?
We currently fund deals in all 17 states: CA, CO, FL, IL, IN, MD, MA, MO, NE, NJ, NC, OH, PA, SC, TN, TX, UT.

Can I use my own title company or closing attorney?
Yes, you can. But if you are doing a One Day Funding deal, you first need to make sure that the company you choose offers Back-to-Back closings. Not all do. If your regular title company or closing attorney doesn't offer this, let us know . We can provide you with information on companies that do offer this service in all the states in which we provide funding. If you are buying a REO,

What kind of real estate deals do you provide funding for?
We provide funding for any kind real estate deal that has an End Buyer in place. This includes Short Sales, REOs, Wholesale deals, HUD houses, For Sale By Owner deals, Probate Deals, or and other deal that would be considered a distressed sale or one for which you have a buyer already lined up. In the St. Louis market, we also provide Hard Money Loans .

What sort of credit checks are involved?
There are no credit checks or appraisals on the property whatsoever on One Day Funding deals.  We ask for an appraisal for Extended Transactional Funding. We do require a background check, which includes a credit check, for Hard Money Loans .

Will I still have to pay if the deal falls through on closing day?
No, we only charge fees for deals that are completed entirely. If your end buyer backs out at the last minute or doesn't close for any reason, there is absolutely no charge to you.

What about closing costs? Do you fund that too?
We provide 100% of the funding of your real estate transaction, and that includes all closing costs for the 1st transaction (the A to B transaction).

Can you fund my rehab project?
We can provide funding for Hard Money Loans in the St. Louis market, but we do not provide the funds needed for rehab of the house you are purchasing. 

Is there a minimum or maximum deal you can fund?
We prefer deals at least $50,000 or more, but we will consider any deal with an end buyer in place. We can fund deals up to about $500,000 at this time.

Can my end buyer get funding with you also?
No we only offer funding for the 1st transaction (the A to B transaction). Your end buyer must have pre-approval for financing or provide verifiable Hard Proof of Funds as a cash buyer.

How much lead time do you require?
We can fund deals with as little as 48 hours notice, but the more time we have in advance of the closing date, the better.  See our requirements for all of the types of funding on our What We Need From You page.




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