Terms of Services for
Transactional Funding
Welcome to Riverbank Lending's
Transactional Funding Services
Riverbank Lending specializes in providing short-term transactional funding to real estate wholesalers and investors, facilitating the purchase and immediate resale of properties within a
short timeframe. Our services are designed to empower your real estate investment endeavors by offering quick, efficient, and reliable funding solutions.
Eligibility and Application Process
To qualify for our transactional funding, you must:
- Have a legally binding contract with both the property seller and an end buyer.
- Represent a business entity, ensuring that funds are utilized for commercial purposes only.
- Provide all necessary documentation, including contracts and proof of the end buyer’s intent and ability to purchase.
Funding Terms
Our transactional funding covers 100% of the purchase price for the property, including associated closing costs, under the following terms:
- The funding is strictly short-term, intended for same-day or very short duration deals, often not exceeding a few days.
- An origination fee applies, calculated as a percentage of the loan amount.
- No upfront fees or out-of-pocket expenses are required to secure funding.
Responsibilities of the Borrower
Borrowers are responsible for:
- Ensuring that all transactions comply with local and federal real estate laws.
- Completing due diligence on the property and ensuring that the end buyer is ready and able to close.
- Repaying the loan amount in full, including any fees, immediately upon closing the sale with the end buyer.
Advantages of Transactional Funding with Riverbank Lending
Borrowers are responsible for:
- No Risk, All Reward: Our funding covers the entire purchase, mitigating your financial exposure.
- Streamlined Process: We offer simplified paperwork and do not require proof of income, making the approval process efficient.
- Leverage Other People’s Money: Maximize your investment potential by utilizing our funds for your transactions.
Conclusion
Riverbank Lending is committed to providing real estate investors with the financial tools necessary to succeed in the fast-paced world of real estate wholesaling. Our Terms of Service are designed to foster a transparent, efficient, and mutually beneficial relationship with our clients. By partnering with us, you gain access to a reliable funding source that enables you to execute deals with confidence and efficiency.
For detailed information on applying for transactional funding and to start your next real estate venture with Riverbank Lending, please contact us.