Get Funded
Get Funded
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WHAT WE LOOK FOR
WHAT WE LOOK FOR
Experience
Experience
Some real estate experience preferred.
Some real estate experience preferred.
Prior track record of success may be required.
Prior track record of success may be required.
Security
Security
40% Expected Return
40% Expected Return
$300 Security Deposit May Be Required
$300 Security Deposit May Be Required
Personal Guarantee, Borrower Security Deposit required.
Personal Guarantee, Borrower Security Deposit required.
Speed
Speed
~48 Hour Acceptance
~48 Hour Acceptance
~24 Hour Funding
~24 Hour Funding
Money wiring authentication period varies.
Money wiring authentication period varies.
Our Process
Our Process
âś“ Submit a Completed Request for Approval
âś“ Submit a Completed Request for Approval
âś“ Allow Time for Processing
âś“ Allow Time for Processing
(Usually less than 48 hours)
âś“ Receive & Prepare Lending Contracts
âś“ Receive & Prepare Lending Contracts
âś“ Funds Distributed to Wire Recipient
âś“ Funds Distributed to Wire Recipient
(Usually less than 24 hours, as per submitted wiring instructions)
âś“ Stay Connected with Regular Updates until Closing
âś“ Stay Connected with Regular Updates until Closing
âś“ Repeat with Every Deal!
âś“ Repeat with Every Deal!
Frequently Asked Questions
Frequently Asked Questions
Q: "What's the cost?"
Q: "What's the cost?"
A:
A:
Due to limited capacity we may charge an upfront fee to secure your position as borrower.
Due to limited capacity we may charge an upfront fee to secure your position as borrower.
All EMD Funds are charged starting at a 40% fee due at closing.
All EMD Funds are charged starting at a 40% fee due at closing.
Q: "What if the deal DOESN'T close?"
Q: "What if the deal DOESN'T close?"
A:
A:
If a deal doesn't close you DO NOT pay a 40% fee. Your original $300 upfront payment acts as security in this case.
If a deal doesn't close you DO NOT pay a 40% fee. Your original $300 upfront payment acts as security in this case.
Q: "What does the process look like?"
Q: "What does the process look like?"
A:
A:
If we approve a lending request at $5,000 for 4 weeks, a $300 payment is submitted upfront
If we approve a lending request at $5,000 for 4 weeks, a $300 payment is submitted upfront
-> Details are verified with Title Company or Closing Attorney
-> Details are verified with Title Company or Closing Attorney
-> Contracts are Signed
-> Contracts are Signed
-> Funds are wired accordingly
-> Funds are wired accordingly
-> Original funding of $5,000 plus 40% return fee of $2,000 = TOTAL: $7,000 due immediately upon closing.
-> Original funding of $5,000 plus 40% return fee of $2,000 = TOTAL: $7,000 due immediately upon closing.
Q: "What are the lending types?"
Q: "What are the lending types?"
A:
A:
Earnest Money Down: EMD
Earnest Money Down: EMD
This is an upfront deposit required to secure a real estate deal. This money is usually held in escrow until closing, usually anywhere from 3% to 10% of the total purchase price of the property.
This is an upfront deposit required to secure a real estate deal. This money is usually held in escrow until closing, usually anywhere from 3% to 10% of the total purchase price of the property.
Double Closing: A "2 leg" closing transaction.
Double Closing: A "2 leg" closing transaction.
This is a process that takes place during escrow where a wholesale contract is moving from seller to wholesaler; and then in a second leg of the transaction immediately after the first, is transferred from wholesaler to buyer/investor; facilitated by escrow officer.
This is a process that takes place during escrow where a wholesale contract is moving from seller to wholesaler; and then in a second leg of the transaction immediately after the first, is transferred from wholesaler to buyer/investor; facilitated by escrow officer.
Q: "Can I increase my odds of being approved?"
Q: "Can I increase my odds of being approved?"
A:
A:
Yes! To further expedite your request for funding, and to increase your chances of being approved; make sure that all of the information provided in your submitted request form is exact and correct.
Ask yourself:
Is the amount you're requesting the exact amount listed for EMD on the original contract?
Does your requesting amount include an option fee? We will not fund those!
Are you requesting money post-closing? That is not EMD and we will not fund that.
Does the closing date on the original contract match the date in my request submission?
CONTACT US
CONTACT US
Aaron@CrimsonKeyCapital.com
Aaron@CrimsonKeyCapital.com
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