Transactional Funding

 

 

Our Administrative Office: Las Vegas, Nevada

We provide Transactional Funding, Project Capital, and Asset Leases. Our Capital helps registered businesses in places where our people live and work. We are affiliated with Realtors, Builders, Management Companies, Vendors and Dealers, Manufacturers, Distributors throughout North America.

At BFS we have set goals with a few visionary people, and over the past few years, we have grown into a team of experienced professionals. We understand entrepreneurs and we are able to make common sense credit decisions.

A scenario of Transactional Funding

Sells the house for 60,000

Get a contract on the house for 60,000

purchased the home from (B) for 200,000

B goes to the transactional funder because they have a contract with both A and C (because you can show C as being a pre-approved back-end buyer for the amount that the house is being purchased for.

After obtaining an estimate for construction/rehab of 45,000, (B) Must submit the contract with (a), (B) Must submit the contract with (C), and then C- again has to show that he is an approved back-end buyer for the amount of money the house is being purchased for.

A scenario of Extended Transactional funding/Hard Money

After I submitted all of the documentation, I have a credit score of 680 (all three across the board), I received a $150,000 from a line of credit. I spent $45,000 of the $150,000 to cover the rehab costs. I then got a rehab loan for 85% LTV, so I made a down payment of $6,750 which is 15% of the $45,000.

So that means that 85% of the rehab was financed. Now because all the documentation is submitted, the transactional funder/hard money lender will put up the $60,000 for (B) within 72 hours or more. The contract total cost of the purchase equates to 105,000.

The transactional funder/ hard money lender sees that (B) has a monetary spread (105,000 to 200,000), so the transactional funder/hard money lender provides the 60,000 (B). Transactional funding will charge of their money that was loaned to B after closing on the house.

After expenses ($60,000 x 5%= $3,000 to transactional funder plus the original $60,000/ plus $45,000 on rehab equates to $108,000 in expenses. This house was sold for $200,000 which leaves a profit of $92,000.

 

Situations & Opportunities

In today’s extremely volatile financial markets, the search for capital has never been more intense.

Our Transactional Funding and Financing Program is designed for people who buy, sell, or invest in real estate deals and know that they need Transactional Loans to close a deal.

Transactional funding helps borrowers get assets that can be obtained by using our proprietary Flexible Payment Plan.

We Move Volume

Ask Us About Our Transactional Financing Program.

Rental

Lease

Buy, Sell, or Trade in or Trade Up

We place transactional funding and financing backed with as little as 1% up to 10% of your present or acquired real estate deal depending on established underwriting criteria.

Credit Terms:

Credit amounts $50,000 and up. Larger amounts can be negotiated on a case-by-case.

Short Wait for pre-approval

Funding us is available in 1 Week+/-

Funding terms-1 up to 6 Months or even 12 months

Fixed Repayment, Usually involves Escrow and a Contract 

 

Pre-Qualifications:

Firs prove that you have a bona fide real estate contract pending.

Verifiable Exit Strategy-Usually involves a real estate contract and escrow agreement. 

3-6 months Bank Statements

No Recent NSF’s or overdrafts

Age 21

Valid Driver’s License

Valid Office Address

Recent Credit Report

 

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