Get Funding
Get Funding
EMD, Double Close & PML
Embedded Files
Preferences
Preferences
Some real estate experience preferred.
Contractual Documentation Required
Some real estate experience preferred.
Contractual Documentation Required
Prior track record of success may be required.
Prior track record of success may be required.
Security
Security
Deal-Based Return Rate
Deal-Based Return Rate
Deposit Fees May Apply
Deposit Fees May Apply
Personal Guarantee, Borrower Security Deposit, etc required.
Personal Guarantee, Borrower Security Deposit, etc 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.
How It Works
How It Works
✓ Submit a Completed Request for Approval
✓ Submit a Completed Request for Approval
✓ Allow Time for Processing
✓ Allow Time for Processing
(Usually less than 48 hours)
✓ Receive & Prepare Lending Contracts
✓ Receive & Prepare Lending Contracts
✓ Funds Distributed to Wire Recipient
✓ Funds Distributed to Wire Recipient
(Usually less than 24 hours, as per submitted wiring instructions)
✓ Stay Connected with Regular Updates until Closing
✓ Stay Connected with Regular Updates until Closing
✓ Repeat with Every Deal!
✓ 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, Ultra Funding Solutions may charge a standard upfront fee to secure your position as borrower.
Due to limited capacity, Ultra Funding Solutions may charge a standard upfront fee to secure your position as borrower.
All EMD Funds are charged a predetermined fee due at closing.
PML Funds are charged based on negotiation, deal worthiness, timeline, and credibility.
All EMD Funds are charged a predetermined fee due at closing.
PML Funds are charged based on negotiation, deal worthiness, timeline, and credibility.
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 fee. Your original upfront payment may act as security in this case.
EMD MUST BE RETURNED BEFORE CANCELLATIONS
If a deal doesn't close you DO NOT pay a fee. Your original upfront payment may act as security in this case.
EMD MUST BE RETURNED BEFORE CANCELLATIONS
Q: "What does the process look like?"
Q: "What does the process look like?"
A:
A:
If we approve a lending request at $XXXX for X weeks, a $XXX payment is submitted upfront
-> Submit Deed of Trust, Promissory Note, Title Insurance, Homeowners Insurance, Personal Guarantee
If we approve a lending request at $XXXX for X weeks, a $XXX payment is submitted upfront
-> Submit Deed of Trust, Promissory Note, Title Insurance, Homeowners Insurance, Personal Guarantee
-> 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 $XXXX plus XX% return fee of $XXXX = TOTAL: $XXXX due immediately upon closing.
-> Original funding of $XXXX plus XX% return fee of $XXXX = TOTAL: $XXXX 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.
Private Money: Private Money Lending (PML) vs Hard Money Lending (HML)
Private Money: Private Money Lending (PML) vs Hard Money Lending (HML)
This is a form of lending that involves larger sums of capital and is often borrowed by seasoned real estate investors interested in buying, holding, renting, or flipping properties. Compared to Hard Money Lending, Private Money Lending is typically easier to acquire with lower interest rates and more flexible terms.
This is a form of lending that involves larger sums of capital and is often borrowed by seasoned real estate investors interested in buying, holding, renting, or flipping properties. Compared to Hard Money Lending, Private Money Lending is typically easier to acquire with lower interest rates and more flexible terms.
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?
Can I submit ALL of the required documentation?
Page updated
Google Sites
Report abuse