💥 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 😁)

As we all know, real estate moves fast, especially when it comes to lending, transactional funding, and finding the best terms for a client. Recently, I sourced a deal for a client who needed transactional funding for a 5 property portfolio using the Stack Method, with less than 24 hours to get everything together. This was not just a one time opportunity either. The client actively sources multiple Stack deals per month, so there was potential for a strong long term business relationship. As RealQuickFunds, we did our part. In fact, we went beyond what was normally expected. We worked throughout the weekend, coordinated the transaction, and offered competitive pricing in hopes of earning the clients long term business. Ultimately, the client decided to move forward with another transactional funder simply because we were unable to get the funds into escrow before bank hours. Of course, losing a potential repeat client like that can be frustrating. But here is the important part. After following up with the client afterward, I learned that the transactional funder she chose did not actually fund the escrow account until around 2 PM CST anyway. Could we look back and say we should have done something differently? Maybe. But at the end of the day, we did our part, communicated, worked the deal, and maintained our systems. That is business. You are going to lose some deals that you thought were yours. You are going to watch clients choose competitors. You are going to put hours into transactions that never fund. And sometimes, you are going to do everything right and still lose the deal. Do not let one lost deal discourage you or make you abandon the systems that protect and grow your business. We lose some. We win some. The important thing is to maintain your integrity, maintain your systems, treat people right, and keep showing up. There will always be another deal. And sometimes the client who went somewhere else today may be the same client who comes back tomorrow because of how you handled yourself when you did not get their business.

Dumb question, but I'm not understanding why RQF wants property info to provide a POF letter. Isn't the POF letter generic?

Do you we do escrow proof of funds for 24-48 hours say for 1-2pts? Clients are asking for $268k in escrow to show proof of downpayment and reserves to satisfy the lender for them to release the final term sheet of 75% LTV. Once final terms are issued, they are going to use us to fund the stack on a 750k purchase price for 5 property portfolio (portfolio will only be done on a single closing and not 5 separate transactions)

I understand how the Stack Method works - we have 1st position - typically a DSRC at 70-80% LTV Then a seller 2nd for approx 20-30% where there must be enough equity for the seller 2nd to cover the down payment plus some costs. I have been working with someone who wants to get a stack method working. He brought me this - 12 Unit Multi-family Asking: $2,500,00 Where the seller is offering: - $500,000 down payment (20%) - $2,000,000 seller financing - 6% interest-only - 5-year balloon - Seller financing in 1st position I understand there is no 1st position DSCR type loan. But, in this case if the seller is offering 80% seller financing - could this work ? It seems, at 1st glance, there might be enough equity there to cover the down payment plus costs ?? Or, am I missing the boat, and there must absolutely be 1st position DSCR loan in 1st position for this to work ?