your venture. our capital.
Join the MyVenture family for your next real estate venture. Our savy processes and competitive rates will get you funded for your next project in the most effective and efficient way possible.
Short-term loan that allows wholesalers to close their deal in a hassle-free manner. Includes funding for earnest money deposit and double closes. Transactional funding allows new wholesalers to complete a deal without any money out of pocket, no credit checks, and no upfront fees.
About Transactional Lending
Transactional
Program Details
Interest Rate:
Rates Starting at 2 points
Property Type:
Single Family, 2-4 Unit Multi-family, and Condo/Townhomes
Income Verification:
No Tax Returns Required
Credit Score (FICO):
No Minimum Credit Score
Experience Requirements:
No Prior Experience Required
Loan Term:
Less Than 30 Day Term w/ No Prepayment Penalty
Loan Amount:
From $1000 - $500,000
Frequently Asked Questions
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Transactional lending is a way of categorizing lending for wholesalers that need funds for an earnest money deposit to open escrow with a title company or a closing attorney office. This ensures a wholesaler can complete a transaction with no money out of pocket. Transactional lending also includes funding a double close transaction in states where you can not wholesale a deal outright.
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A new wholesaler can obtain financing with our transactional lending program. With the lack of experience as a beginning wholesaler, we want to help you be successful in your first or hundreth wholesale deal. We are very welcoming to new wholesalers when getting into real estate. One of the more rewarding parts of lending is being a part of the journey watching new wholesalers complete their first few deals and grow into repeat borrowers growing and scaling their businesses.
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Once a request has been submitted, we can wire money to your title company within 3-5 business days.