What is Transactional Funding

What is Transactional Funding?

Transactional Funding is typically a one-day loan used in wholesale transactions requiring a double closing.  When the wholesaler does not have enough cash to close the transaction or the title company will not allow a pass-through closing, transactional funding is needed.  With transactional funding the transactions close simultaneous, which ensures all parties to the transaction are able to fund the …