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Transactional funding for a same-day double close in New Jersey.
Same-day capital for the A to B leg of a double close, repaid out of the B to C closing the same day. No credit check, no income verification, no upfront fee.
This market
What changes in New Jersey.
Double closes are common here in part because the wholesale market is dense and the spreads are visible. When a seller sees an assignment fee on a settlement statement in a market where everybody knows roughly what properties trade for, the objection arrives reliably, and the transaction that was about to close becomes a negotiation instead.
The dense northern market also means the end buyer is frequently another local investor with their own financing, and some of those lenders will not fund a purchase where the seller does not hold title. That constraint has nothing to do with your deal and everything to do with their underwriting, and a double close is the structure that resolves it.
Timing is the thing to protect. Both legs close the same day at the same title company, so the deal is made or lost by whether the title work started early enough. Bring the deal in ahead of the closing date rather than the morning of and the structure takes care of itself.
The instrument
Money for an hour, not a mortgage.
The full detail is on the wholesaler transactional funding page. Nothing about it is restricted by state.
Transactional funding covers the A to B leg of a double close: buying the property from the original seller for the length of time it takes to immediately resell it to the end buyer, usually the same day, at the same title company. It is not a loan in the ordinary sense, because it is repaid out of the B to C closing rather than through payments.
That structure is why there is no credit check and no income verification. What matters is whether the end buyer's funds are real and verified before the A to B closing happens, since the whole arrangement depends on that money arriving that day to repay the A to B purchase and release the profit at closing.
Terms
What is on the table.
| Structure | A to B to C double close, same day in most cases |
|---|---|
| Credit check | None. Repayment comes from the B to C closing, not from the borrower |
| Cost | A flat fee at closing, sized to the A to B purchase amount, not a rate over time |
| Decision | Same day in most cases once the end buyer is verified |
| Upfront fee | None, for either a submission or a proof of funds letter |
| Proof of funds letters | Issued ahead of the offer, typically same day |
| Property types | Non-owner-occupied residential, 1 to 4 units, and small multifamily |
Questions
About New Jersey.
Do you only write wholesaler transactional funding loans in New Jersey?
No. Lending is nationwide and this instrument is not restricted by state. New Jersey has its own page because it is one of the markets these deals most often come from.
Which parts of New Jersey do you lend in?
All of it. The most active markets are Newark, Jersey City, Paterson, Elizabeth, Trenton, Camden, Monmouth and Ocean counties, which is where the deals have come from rather than a service area.
How fast can a double close actually fund?
Same day, when both closings are scheduled at the same title company on the same day. Getting the deal in ahead of the closing date rather than the morning of is what makes that timing reliable.
Do you check my credit for transactional funding?
No. Repayment comes from the end buyer's closing the same day, so what matters is that the B to C buyer and their funds are verified, not what your credit score is.
What do you need to issue a proof of funds letter?
The property, the contract price, and an outline of the deal. There is no fee and no credit pull, and in most cases the letter comes back the same day.
Elsewhere
Not in New Jersey?
Lending is nationwide. The states below have their own page because they are where the most deals come from, not because they are the only places money goes. If your property is somewhere else, submit it anyway; the terms do not change with the postmark.
More about this market on the New Jersey page, and about the instrument on the wholesaler transactional funding page.
Other instruments: Fix and flip, BRRRR, Ground-up construction, DSCR purchase and refinance, Rental portfolio refinance.
Submit a deal
Let's price it.
No credit pull, no obligation, and a real answer either way. If it is not a fit I will tell you why, and usually who to call instead.
- Terms in 24 to 48 hours
- Written, not verbal
- One person, start to finish