transactional funding
I remember when I was a budding real estate mogul (a title that never really stuck), I can vividly recall that getting financing was by far the toughest task I faced. I was young and hadn’t done any deals so nobody wanted to lend me money and while the internet existed, it certainly what it is today. Today, if I were doing REOs or short sales, it’d be super easy even if I had absolutely no credit. I could call up a transactional funding company and they’d happily loan me the money (for two points or less) for a couple days so I could flip the deal and they wouldn’t even need to check my credit if I asked them not to.
