Double Escrow Alternative Funding
Friends:
Ref: One day loan for double escrow
Double escrows are a great exit strategy. You buy and sell a property with none of your own money the same day. What can be better? However, not all title companies want to do them. Often they want you to bring cash. Contact me if you find your self in this quandary. I can help you solve this exact situation.
This is how it works:
- You must have all the settlement letters (AKA short sale approvals) for a transaction in which you are the principal.
- You must have a re-sell agreement with an end buyer who has earnest money deposited in escrow, and is ready to close. No hitches. If you have that, you may very well consumate your double close. This will depend on what title company you are working with, the escrow officer, and how much they like you. If the title company insists on you bringing cash, just contact me.
- Upon approval of all the paperwork we will lend you money for one single day.
- The seller’s creditors get paid from the money we lend you.
- The end buyer’s money is used to pay what you borrowed plus 3%. That is a very good deal for flip funding.
- There is no LTV checking, credit applications or anything similar. Loan limit is $3,000,000.
- Service available in all 50 states.
Please only contact me only if you have a transaction that is ready to close. This is for professionals, real money is involved, and I expect you to be knowledgeable and diligent.
I look forward to doing business with you.
Sincerely,
Oscar Morante
Advanced Real Estate Concepts, LLC
9220 SW Barbur Blvd
Suite 119 – Box 159
Portland, Or 97219
Ph: 971-222-3734
Fx: 503-296-5663
This entry was posted on June 21st, 2008 at 11:26 am and is filed under Articles. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.
April 17th, 2009 at 11:12 am
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January 31st, 2010 at 12:02 pm
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February 3rd, 2010 at 10:59 pm
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