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Transactional Funding

Transactional funding is short-term funding, also known as same-day funds or flash funding, frequently used to finance business transactions such as real estate short sales. These types of real estate transactions frequently involve a non-assignable contract held by the bank. As a result, before a property can be sold to a prospective buyer, the bank's security interest in the real property must first be satisfied. The prospective buyer then can participate in a second transaction to purchase the property. Generally, these two transactions are performed as double or simultaneous closings. ...

October 3rd, 2020 | Transactional Funding , Transactional Funding