Looking to get your deal funded?

EMD stands for Earnest Money Deposit. It is a sum of money that a buyer provides to a seller as a show of good faith when entering into a real estate contract. The EMD is typically held in escrow until the closing of the transaction.

A double closing is a real estate transaction method where two back-to-back property sales occur on the same day, involving three parties: the original seller, the investor (middleman), and the end buyer. Here's how it works:

First Transaction: The investor agrees to purchase the property from the original seller.

Second Transaction: The investor simultaneously sells the property to the end buyer at a higher price.

During a double closing, the investor typically uses the funds from the end buyer to complete the purchase from the original seller. This allows the investor to profit from the difference in sale prices without needing to use their own funds for an extended period.

Double closings are often used in real estate wholesaling and transactional funding, allowing investors to efficiently facilitate deals and earn profits by connecting motivated sellers with interested buyers.

If the EMD doesn't close, we do not charge you our lending fee.

We mostly fund EMD for wholesalers. We can fund EMD for end buyers, but it's rare.

Our number one priority is to have our funds have to be protected no matter what. Typically, in an EMD transaction that is done through an inspection period. If you have no inspection period on your deal or the EMD is non-refundable we can't fund your deal. On occasion, we'll consider funding when there is an option to cross-collateralize the loan.