EMD & Transactional Lending
EMD - Key Points
● This is not a loan—instead, I joint venture with you and bring EMD to the deal for a fee.
● Time is of the essence. The sooner you reach out for EMD the more likely I can help you. I can’t fund you if you are already more than halfway into your inspection period with no buyer.
● I always use a Transaction Coordinator–the current fee is $800.
● I structure our agreement so that I do not lose money even if your deal falls through. Paperwork is required to ensure I get my EMD back.
● Non-refundable deposit ($320 min) covers wires, other fees and the opportunity cost of having my money tied up in your deal. If the deal closes, the deposit goes toward what I am owed. Fee can be wired or sent via Zelle.
● I want to help you, so communication is critical. I will need information from you like the purchase contract in order to underwrite the opportunity. Without necessary information, I cannot fund.
● There will be additional documents needed, like our JV agreement as well as escrow instructions related to repayment of my EMD + fee.
30 days max is the usual timeframe. Longer than this can be discussed or may have additional penalty fees
Earnest Money Fees
AMOUNT BORROWED - FEE/ DEPOSIT
$0 - $5000 $2,000/ $320
$5001 - $15,000 $8,000/ 8%
$15,001 - $25,000 $11,000/ 8%
$25,001 - $50,000 $33,000/ 8%
$50,001 - $75,000 $44,000/ 8%
$75,001 - $100,000 $62,000/ 8%
Transactional Funding
Transactional Funding - Key Points
Double closing benefits in real estate:
- Confidentiality: Two separate closings keep profit information private from the seller and buyer.
- Risk Mitigation: Sellers avoid the hassle of finding buyers, and if a buyer backs out, it's the wholesaler's new to-do list.
- No License Needed: Simplifies the process, as a real estate license isn't typically required.
- Flexibility for Investors: Allows for alternative options if assigning contracts isn't feasible, increasing the chance of closing deals successfully.
Private Money JV's
Private Money - Key Points
Private Money
If you need a private money loan. Please submit your deal to me via email - mariella@cecejaygestrategies.com
I have a network of friends who are always looking to fund deals.
Down Payment, Closing Costs, Bridge Funding, small or large, we can provide you with the PML you need to help get your investments past the finish line! Let us know how we can help!
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30 N Gould ST STE R, Sheridan, WY82801. 6237030278
