Frequently Asked Questions

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What is Transactional Funding?

Transactional Funding is a short term loan provided to wholesalers who purchase and quickly re-sell a property the same day. This is often called a "Double Closing". The seller of the property is typically called "Party A". The wholesaler is typically called "Party B". The end buyer of the property is typically called "Party C". Transactional Funding deals are also sometimes called "A-B - B-C" Transactions. Ready to Go?? START HERE

When is Transactional Funding Needed?

Our clients use our Transactional Funding Service for three basic reasons: 1. They have a contract that is NOT ASSIGNABLE to a third party. This is typical when purchasing properties off MLS, bank owned properties, or properties owned by government entities (HUD, FHA, Fannie Mae, etc). 2. The wholesaler is choosing not to assign the contract in order to maximize their wholesale markup. Many times end buyers will not purchase a property if the assignment fee is too high. You do not have to disclose your contract details to the end buyer when you utilize Transactional Funding. 3. The wholesaler needs to stay in compliance with State laws that do not allow assignment of contracts.

Are There Minimum and Maximum Funding Amounts?

We have no minimum funding amount. The maximum funding amount is $1,000,000

What are your Transactional Funding Fees?

  • 1% of the purchase price of the property (minimum fee of $750)
  • There are NO UPFRONT FEES, NO ADDITIONAL FEES, and NO FEES if the transaction does not close.

Is Credit a Factor to Obtain Transactional Funding?

No. There are no personal financial requirements to obtain Transactional Funding. We do not run your credit and do not require bank statements, tax returns, etc.

Do I have to close with the same closing office?

Straightline requires both the A-B and the B-C transactions occur at the same settlement office or title company. Some exceptions are possible so please discuss your specific situation with a loan officer if your transactions are closing at different offices.

Do you offer Extended Transactional Funding?

Yes. We will fund 100% of purchase price and closing costs up to 80% LTV in non-judicial foreclosure states and 75% in judicial foreclosure states. This program is available in larger metro areas of: Alabama, Georgia, Indiana, Missouri, North Carolina, Ohio, Pennsylvania, South Carolina & Virginia.​

  • Loan Term: 3 months
  • ​Credit Score of 700+
  • Required​​ Minimum Funding Amount: N/A
  • Maximum Funding Amount: $150,000​
  • Appraisal Required. Closing time is 10-15 business days from the time we receive application

Do you offer Proof of Funds Letters?

We offer free Proof of Funds letters to our clients. Just CLICK HERE to fill out the request form. We will email you the letter in PDF format.

What documents are required?

  • The A to B Contract
  • The B to C Contract
  • Drivers License
  • Corporate Docs (Articles of Org/Incorporation, EIN Document; Articles of Org)
  • If the C Buyer (End Buyer) is getting a loan to purchase the property, please send any information from the lender (pre-approval, term sheet, etc)

How quickly can you fund a deal?

Straightline can fund deals as quickly as the same day if all required documentation is provided from both our client and the title agent or closing attorney. However, we prefer to receive your submission and documentation once you have obtained your B to C Contract and you are ready for title to be started.