Is the person requesting funding a Wholesaler or End Buyer?
Are there at least 48–72 hours before the inspection period ends?
No Deal
Too close to inspection end. Requests must be submitted earlier.
Is the close of escrow within 60 days or less?
Does the inspection period end the same day as the close of escrow?
No Deal
As a layer of protection for our funds, we need the inspection period to end on closing day.
If you are unsure how to relay this to the seller or agent, reach out and we can help.
Is the close of escrow within 60 days or less?
No Deal
EMD funds cannot be tied up beyond 60 days.
Deal!
Submit the request for funding.
Are the contracts signed by all parties?
No Deal
Once the contracts are signed by all parties, submit the request for funding.
Deal!
Submit the request for funding.
Has the seller agreed in writing to carry a 2nd-position note?
No Deal
A signed agreement or LOI to carry a 2nd-position note is required before submitting the funding request.
Is this a Subto, seller finance, or all-cash purchase?
No Deal
We do not fund Subto, seller finance, or all-cash purchases.
Are there any seasoning requirements?
No Deal
We do not season funds. Deals requiring seasoning do not qualify.
Is the new primary loan amount greater than the existing mortgage on the property?
No Deal
The new primary loan must exceed the existing mortgage for lien safety.
Does the seller’s total equity cover the full amount they will carry?
No Deal
Seller carry cannot exceed the seller’s actual equity. Reduce the carry or renegotiate price/terms, then resubmit.
Is the total transactional funding request less than or equal to the seller carry?
No Deal
Funding exceeds repayment source. Lower the funding need, increase the seller carry, or reduce fees so the seller carry covers principal plus our fee.