Fee for Funding
The funding fees that are listed below and are the funding amount needed to close the purchase or A – B purchase of a double closing. Funder reserves the right to change this fee if there are Unique Circumstances to the transaction.
- Less than $500,000 = 1.5 points with a $350 minimum
- $500,001 to $700,000 = 1.75 points.
- Greater than $700,001 = 2 points.
- Amounts in excess of $750,000 call for availability and rate..
Unique Circumstances and Additional Terms and Conditions
Special circumstances are defined as any situation or requirement by the investor or the seller that are outside the parameters of the usual transactional funding. These parameters can be, but are not limited to, investors or title company(ies) inability or unwillingness to sign any required funder’ forms or documents, change of funding amount, C or end buyer not sending his purchase funds in the agreed upon time or upon request of B-C Title Company, C buyer not completing the closing or signing closing documents, an undisclosed non-third party relationship between the investor and the end-buyer (“C”) or any circumstances or other situation considered unusual by the transactional funder.
There are no other fees charged by the Easy Resolutions/Quicktransactionalfunding.com unless the funds are used to purchase the property and there are circumstances that delay the repayment of the funds, the transactional funder will require additional documentation to be signed by the investor.
Any charges done by the Closing Agent or Title company are the investor’s responsibility to have quoted or determined and are separate from the Transactional Funding charge.
*Closing funds from the end-buyer (also known as the C buyer) may only be done by Domestic Wires – we will not fund the transaction if the end-buyer’s cash to close is deposited by personal or business checks, cashier’s checks, money orders, or cash to the B-C Title Company. Easy Resolutions/Quicktransactionalfunding.com at all times has the right to deny funding or decide that funding of a transaction will not be done, without an explanation to the investor or title company.
In order for Transactional funding Funds to be sent the end- buyer must have been wired into the closing agent’s escrow account from a Domestic Bank in US Dollars or must have been cleared in the closing agent’s escrow account in order for funding for the A to B closing to be sent. Funding must be available at the time of the closing so it is the responsibility of the investor to confirm the funds are available for their closing.
If the closing does not take place for any reason, the investor will be charged for those funds at a rate of $250.00 per day or 18% of the amount funded until the repayment of those funds are returned to the funder
All documentation required by the transactional funder to be signed by the investor and the title company, must be sent to the funder at least 1 business day before funds are required to be sent. All closing documents must be signed by all parties before funds will be sent by the funder.
The Required Transactional Funding Agreement and Funding Conditions will be sent to the investor
and closing agent only after the investor has been approved for the transaction and are subject to change
based on the Funder’s review of the transaction and closing documents. In the event that
the Transactional Funding is committed to by funder, but funder does not provide funds for the closing,
the funder or its affiliates are not responsible for any monetary loss to the Investor/Buyer if the
transaction does not close timely because of the fault of the funder, the investor/buyer or the end-buyer.
Check for any additional Terms and Conditions that may have changed. The fees and Terms and Conditions are posted as of 07/28/2022.