Bring your deep-discounted deal where you have (both) the seller under contract and the buyer under contract; we put up all the purchase money; we undertake back-to-back escrows; a few days later, after both escrows have closed, we divide the profits 50/50. FYI: We not require any upfront fees. Nor we require an appraisal; a BPO will do. We normally need six to eight working days to approve a funding request, best case scenario.
We fund in all 50 states and DC, with the following parameters:
* Joint Venture: you bring the deal; we can bring up to 100% of the money; we split the profits 50/50
* No points, no interest, no monthly payments. Not a loan. Funding is a Cash-on-Cash, JV investment
* Employ our capital for quick wholesale flips via back-to-back escrows
* Transactional Funding (double close) capital available
* Up to 60% LTV (Loan to Value) of FMV (Fair Market Value); NOT based on ARV.
* No upfront or hidden fees; fast funding decisions
* Funding normally occurs in 6-8 working days, not weeks (for qualified deals)
* We do not require an appraisal, credit check or income verification
* N.O.O. (Non-Owner-Occupied) only, investor-owned properties
* Investment must be secured by a 1st position note/deed
* Minimum profit to EMD Funding on any deal must be at least $20,000.