We also have investors to JV on petroleum transactions
We can provide all of the following:
· Down Payment Assistance
· Double Closes
· Escrow Proof of Funds
· No Credit Check
· No Appraisal Needed
· No LTV Requirements
· No Financials Required
· All Closing Costs Are Included
Double Closing
Investor will fund 100% of the deal as long as you have a back end buyer or end funding in place and willing to close at the same time
Example: A=Seller B=Investor/Buyer(You) C= End Buyer
*** Investor will only fund A to B when C has their money ready to go***
The investors nationwide title company is an expert with double closes. Residential, commercial, land, apartments, REO, short sales. Investor will fund any amount up to $40,000,000.00
Frequently asked questions:
Q: Do you provide 100% of the funds including closing costs?
A: Yes, this is a no out of pocket transaction.
Q: Will you fund even if I have bad credit?
A: Yes, no credit report is required, or even pulled because we are paid off immediately
Q: How much can you fund?
A: We can fund up to $40,000,000.00. We fund residential, commercial, apartments, land, REO, REO Bulk, and farms.
Q: Do you provide funding for the end buyer?
A: No, we only fund A to B, not B to C.
Q: How much do you charge?
A: Fees are based on the amount needed for the transaction. Discounts apply for repeat customers.
Q: Do you provide Proof of Funds Letter?
A: Yes, You will normally get a POF within the same business day for the full purchase amount if necessary.
Q: Is there a cost for a Proof of Funds Letter?
A: Yes, normally the POF will cost 3% but the cost will be credited towards the closing fee. (this way we ensure that people are incented to use us for the back end close instead of endlessly getting POF’s). The POF is valid for 60 days.
Down Payment Assistance
Investor will fund any percentage down payment that you wish as long as the seller is willing to credit that portion of their proceeds, plus fees, back at closing.
Example: A=Buyer B=Seller C= Us
Investor will fund the down payment required for A to buy from B. B then credits back that amount, plus our fee, through escrow.
Q & A
Q: Do you provide 100% of the funds required for the down payment closing costs?
A: Yes, this is a no out of pocket transaction.
Q: Will you fund even if I have bad credit?
A: Yes, no credit report is required, or even pulled because we are paid off immediately
Q: How much can you fund?
A: We can fund up to $40,000,000.00. We fund residential, commercial, apartments, land, REO, REO Bulk, and farms.
Q: How much do you charge?
A: Typically transactions under $1M are 10% of the funds used; however, discounts are available for repeat customers.
Q: Do you provide Proof of Funds Letter?
A: Yes, You will normally get a POF within the same business day.
Q: Is there a cost for a Proof of Funds Letter?
A: Yes, normally the POF will cost 3% but the cost will be credited towards the closing fee. (This way we ensure that people are incented to use us for the down payment and instead of endlessly getting POF’s) The POF is valid for up to 60 days.
Escrow Proof of Funds
Investor can provide an escrow account in your/your company’s name with cash deposited in any amount up to $25M. You may have the account for as little as a day or as long as 90 days.
You may verify the account via a letter, on the escrow company letterhead, a printout of the escrow account ledger and verbally verify with the escrow officer directly.
Accounts set up in as little as 24 – 48 hours
PROOF OF FUNDS – SWIFT MT 760 – MT 799 -
TOP 25 US BANKS – TOP WESTERN EUROPEAN BANKS
Borrowers Have Utilized These Funds for a Variety of Reasons
Leverage Funding for Large Commercial Projects
Funding a Trading Platform
Credit Enhancement
Blocked Funds
Qualify for Financing
Net Worth Requirements
Providing Evidence of Proof of Funds
Commodities / Petroleum Transactions
DOUBLE CLOSE / DOWN PAYMENT ASSISTANCE / ESCROW PROOF OF FUNDS
PROGRAM GUIDELINES
Use a private investor’s funds to close your deal. An escrow account for the transaction can be arranged in your name, or company name, at INVESTOR’S TITLE in Las Vegas, NV.
Funds can be used for double close or down payment assistance with minimal or no up-front costs to you.
Residential REO packages, large commercial or multi-unit properties, and non real estate transactions are all applicable.
Funds cannot be moved or depleted, investor does not arrange loans or financing The Investor’s escrow company as well as escrow attorney will be used and cannot be substituted.
DETAILS OF THE TRANSACTION
The investor requires a written Narrative/Scenario of the Details of the Transaction in as much detail as possible, providing Total Transparency, in order to determine the investor’s interest toward the transaction. **This is to be done for each transaction if more than one that the investor is introduced to.
The fees will vary and will be divided by intermediaries for each deal (Brokers protected).
The Title Company will be the paymaster. Before the start of the transaction a CONSULTANTS BROKERS RECITALS LIST will be completed and submitted with the package to the investor.
All e-mail communications must list the Last Name of the Principal, or funding entity, in the subject heading. Consistency with this practice is required in all Emails as this is how the deal will be filed.
Complete Details of Transaction & Exit Strategy:
_____________________________________________________________________________________
_____________________________________________________________________________________
_____________________________________________________________________________________
_____________________________________________________________________________________
_____________________________________________________________________________________
_____________________________________________________________________________________
_____________________________________________________________________________________
_____________________________________________________________________________________
APPLICATION
Date: _________________________ Dollar Amount Needed: $___________________._____
PRINCIPAL
Full Name: ____________________________________________________________________________
Present Address: _______________________________________________________________________
_____________________________________________________________________________________
Phone (office): ( ) _________________________ (home): ( ) _________________________
(Mobile): ( ) ______________________________
E-mail address: ________________________________________________________________________
Name to be listed on Escrow Account: ______________________________________________________
Date the account needs to be active: _______________________________________________________
Do you require a VOD? Y / N
What is the closing date of the transaction? _________________________________________________
SELLER
Full Name: ____________________________________________________________________________
Present Address: _______________________________________________________________________
_____________________________________________________________________________________
Phone (office): ( ) _________________________ (home): ( ) _________________________
(Mobile): ( ) ______________________________
E-mail address: ________________________________________________________________________
Address of property being purchased:
_____________________________________________________________________________________
_____________________________________________________________________________________
Appraised value of property: $_________________________._______
Submit completed application to Joe Tufo
joe@joetufo.com
Phone (925) 352-6000
Fax (206) 984-2853
{ 7 comments… read them below or add one }
we have serval project that require 10 % reserves in Escrow
Project 1 Matzaland $41,000,000.00 needs 4.1mil closing date August 25
Project 2 Carlsbad Airport Premier Jets $85,000,000.00
Project 3 Cabo San Lucas $150,000,000.00
Is something that your firm can do
Thank You BIll
What must I do to use your services to do a double closing? How do I sign up?
I am looking for a scenerio for DPA when you have a A/B and 6 month C transaction. The C is the Lease Purchase Tenant buyer who is borderlined for FHA loan approval but need a little time for clean up on credit to qualify. These C buyers come direct from the mortgage broker who need to move know instead of waiting. Is there a DPA were the seller (A) will agree to the assistance of buyer(B) knowing that Buyer (C) will purchase in a short time period? I guess that this scenerio would be a short term flip. Thanks for your help.
Jody,
We offer specific programs that we post of our websites. If you bring us what we are looking for we can help. You need an angel and we do not provide those services at this time.
I’ll send the application directly to you.
I emailed you directly with the application. For all others kindly note that the application has been integrated into the post:
http://workingcapitalfast.com/double-closes-down-payment-assistance-proof-of-funds
For all who need answers kindly email me at joe@joetufo.com or consider buying an hour or more of either phone time or email time at http://www.joetufo.com/consulting