I have a potential borrower that would like to consult with one our recommended TCs on a stack deal. Is that possible to connect them?

Property is a rehab in Towson, MD Borrower is ready to sign the contract when he secures EMD funding He has already completed due diligence on the scope of rehab and will not need any inspection period Prequalified with HML and projected to close within 21 days of the executed contract Seller originally asked for $10k EMD but will take $5k if needed. Borrower is willing to pay an additional fee at closing to cover EMD funding. Anyone interested in funding EMD on this deal?

I am talking to someone about stack method funding and recommended they use a TC familiar with this structure. Is there a range of the cost of the TC I could communicate to the potential borrower? I know it depends on the TC but I have heard we have some preferred TCs to recommend if needed that's why I ask here. Thank you!

💥 There are times that you get a deal that doesn't fit our underwriting criteria. I see this most commonly with EMD borrowers that don't want to pay the upfront fee, or EMD that is under $5-10k and the minimum fee feels too large to them, in comparison. An example might be a $2000 EMD where paying a $1000 upfront fee doesn't make a lot of sense. This is where this community can step in and save the day ... with you. 💙 In cases like the EMD example, there are some people in this community that would like to do the deals, and might do them without upfront fees or for much less of an upfront fee. Therefore, please post them here 💯 - Say what you need in the title ... such as "$2000 EMD Funding Needed with No Upfront Fee" - Then give some basic information about the deal such as the City & State, status of contracts (fully signed, waiting on seller, LOI only, nothing signed, etc) and any other description you want to add. - Select the category at the bottom as Deal, like this post. 👉 If you want to fund deals like this, comment below their post or DM them. DO NOT take this information and go look for the borrower and circumvent the person that posted. That's not what we are about here. We are here to help each other win. Let's start sharing deals and get more of us involved! Just because it doesn't fit our criteria, doesn't mean it can't be funded in this group. ⚠️ This is not for posting deal types we don't fund, such as gap deals, etc. We don't want the community posts to stray from our focus of transactional lending. (some leeway for first position that is too small to get funded though 😁)

📣 We announced this on both of the last Thursday calls, and here it is in writing to make sure everyone is aware of this tweak to our EMD process. The mutual release is the doc where your buyer and seller agree up front that if the deal cancels, the earnest money gets released instead of held up. It's what protects the funds on every EMD deal. We used to run three versions, two lighter ones for deals under $40k and a more thorough one for deals over $40k. ⏭️ Starting today, we use the thorough version on every deal, no matter the size. ⏮️ Why the change: a few recent situations on smaller deals showed us those lighter docs left more risk on the table than they should. There's no reason to carry that on a $20k deal when we don't carry it on a $60k one, so we're putting the strongest document on all of them. What to do: from now on, always pull your mutual release from this folder and use it on every EMD deal, regardless of size 👉 Mutual Release - Live Version ... housed in The Library. That folder always holds the current version, so if we ever update it down the road, you'll automatically be using the right one. Pull it from there every time and you're covered. If you've saved either of the old under-$40k versions, stop using them. 🙋‍♂️ Questions? Please share below.