@Neil Kalinoski So far it’s been mostly EMD. Working on a double close now in Texas. EMD deals have been in Florida, Pennsylvania, Illinois, Texas and California, and I think Ohio.

@Neil Kalinoski I’ll dm you

@Paul Brown 🤣

@J.P. Lardizabal Fellow Titan Bank client! Nice. Mercury sounds good. Always tough to find business savings or some other liquid business acct that pays decent interest.

Ha, I misread. Just saw that Mercury doesn't pay interest. I recommend you use an investment company sweep account to hold your funds. I use Fidelity, but Schwab, etc. are about the same. You earn 3.x% interest with money just sitting there, and can wire it out at a moment's notice for free. It can also serve as a checking account. Debit card, checkbook, bill pay, etc. It isn't now, but for many years it served as my primary personal 'bank' account.

@Isaac Haastrup it would involve the seller agreeing to carry a note for the gap, and the 1st position lender allowing us (transactional funding) to provide the gap funds. deal would close with 1st position funds and ours, then immediately after, the seller would, from their proceeds, pay us back the funded amount plus our fee, and issue a note to the buyer for that amount. Paul's videos are a great resource for explaining this better than I can. It would be a major contract change, but could be an option.

@Isaac Haastrup only if this is B-C funding. if it's A-B, i think it's stack/morby. hopefully someone else jumps in with more info!

I don't know if they work in SD, but Chicago Title does a lot of creative real estate work