We determine the terms of the transactional funding together. You will then sign and notarize the Transactional Funding Agreement.
You will provide IvySun Capital with contact information for the closing agent and notify IvySun Capital of the closing time and date. The closing agent will hold funds in escrow and ensure a 1st position mortgage on the property to IvySun Capital.
You will provide IvySun Capital with contact information for the closing agent. You will notify Ivysun Capital of the closing time and date.
Terms vary depending on the nature and size of the transaction, the risk level of the transaction to be funded, your credit worthiness and level of experience.
Length of the transaction period: Same day to 90 days
Transaction fee:
Same day — 1.5% (1,000 minimum)
2 to 4 days — 2%
5 to 15 days— 3%
16 to 30 days — 4%
31 to 60 days — 5%
61 to 90 days — 6%
Processing fee: $395
Payment Due: At second closing
Extension of Transaction After 90 Days: Extensions are typically possible.