Finding a top-rated transactional lender for wholesalers can feel like searching for a needle in a haystack. But here’s the thing—having a reliable funding partner is crucial to your success when closing wholesale real estate deals quickly. With Oakstone Lending, you gain a trusted ally offering transparent fees, lightning-fast funding, and a proven track record.
What Makes a Top-Rated Transactional Lender for Wholesalers?
The best transactional lenders understand the wholesale game inside and out. Timing is everything, and deals often hinge on quick funding decisions. So, what separates the best from the rest?
Key Characteristics of Elite Transactional Lenders
Here’s what to look for in a top-tier lender:
- Lightning-Fast Funding: Same-day approvals and disbursements.
- No Credit Checks or Income Verification: Approval is based solely on the deal.
- Transparent Fee Structure: Clear and competitive rates without hidden charges.
- 100% Purchase Price Funding: Covers the full amount needed.
- Experience with Double Closings: Expertise in back-to-back transactions.
- Nationwide Coverage: Operates across the United States.
- Minimal Upfront Fees: Oakstone Lending requires only non-refundable coordinator fees for certain deals.
Understanding the Transactional Funding Process
The funding process with a top-rated lender should be smooth and straightforward. Here’s how it works with Oakstone Lending:
The Step-by-Step Funding Process
- Submit Both Contracts: Provide A-B and B-C transaction agreements.
- Pay Non-Refundable Coordinator Fees: For EMD deals, a $250 fee ensures your transaction is prioritized.
- Connect Lender with Title Company: Facilitate coordination between all parties.
- Receive Funding Confirmation: Expect approval within 24-48 hours.
- Close Both Transactions: Execute back-to-back closings, often on the same day.
Why Transactional Funding Beats Other Options
Transactional funding isn’t just another option—it’s often the best choice for wholesalers. Here’s why it outshines traditional methods:
Advantages Over Traditional Funding
- Zero Credit Checks: Focuses entirely on the deal.
- No Income Verification: Removes personal financial hurdles.
- Fast Approvals: Often same-day.
- Protects Your Wholesale Fee: Ensures smooth closings without risking your earnings.
- Scales to Larger Deals: Handles funding needs up to multi-million-dollar transactions.
Cost Considerations and ROI
Let’s talk about the numbers. Oakstone Lending offers transparent and competitive fee structures for EMD, double-close, and seller carryback funding:
EMD Lending
- Flat Return Rate: 40% on the EMD amount, with a $2,000 minimum return.
- Non-Refundable Fee: $250 transaction coordinator fee, paid upfront.
Example: Borrow $5,000 for an EMD, and your repayment will be $7,000 ($5,000 + 40%).
Double Close Funding
- Flat Fee: 1.5% on double closings with at least one week’s notice.
- Rush Fee: Additional 1% for expedited funding.
- Minimum Return: $2,000 minimum fee.
Example: On a $100,000 double closing, the standard fee is $1,500 (1.5%). If expedited, an additional $1,000 rush fee applies.
Seller Carryback Funding
- Flat Fee: 2.5% on seller carryback deals with at least one week’s notice.
- Rush Fee: Additional charges for expedited funding.
- Minimum Return: $2,000 minimum fee.
Example: For a $500,000 seller carryback transaction, the fee is $12,500 (2.5%), resulting in a total repayment of $512,500.
How to Choose Your Transactional Lender
Not all lenders are created equal. Use this checklist to identify the best partner for your wholesale business:
Essential Qualities to Look For
- Proven Track Record: Experience in wholesale real estate deals.
- Clear Communication Channels: Keeps you informed every step of the way.
- Transparent Fee Structure: No surprises or hidden charges.
- Quick Response Times: Approvals and funding when you need them.
- Relationships with Title Companies: Ensures smoother transactions.
- Funding Capacity: Ability to handle deals of all sizes.
Common Pitfalls to Avoid
Avoid these mistakes when selecting a transactional lender:
- Unverified Funding Capacity: Ensure the lender can handle your deal size.
- Ignoring Fine Print: Always read the terms and fees carefully.
- Inexperienced Lenders: Choose lenders with a background in wholesaling.
- Lack of Backup Options: Always have a secondary lender in mind.
Success Stories and Real-World Examples
Here’s a real-world example:
A client recently needed $500,000 for a double-close transaction. Oakstone Lending funded the deal within 4 hours, charged a simple 1.5% fee, and the wholesaler walked away with a $45,000 assignment fee—all without using their own money.
Setting Up Your First Deal
Ready to work with Oakstone Lending? Follow this checklist to ensure a smooth transaction:
Getting Started Checklist
- Prepare Entity Documentation: Have your LLC or corporation details ready.
- Complete Both Contracts: Ensure A-B and B-C agreements are signed and valid.
- Select a Title Company: Work with investor-friendly professionals.
- Verify All Parties Are Ready: Confirm readiness for closing.
- Contact Oakstone Lending: Submit your deal for review and funding.
Building Long-Term Relationships
Finding a top-rated transactional lender isn’t just about closing one deal—it’s about creating a long-term partnership. Reliable lenders like Oakstone Lending often provide faster service and better terms to repeat clients, making them an integral part of your business strategy.
Final Thoughts on Choosing the Top Rated Transactional Lender For Wholesalers
The right transactional lender can make or break your wholesale business. With competitive fees, fast funding, and exceptional reliability, Oakstone Lending is the go-to partner for real estate investors across the U.S.
Don’t settle for less—choose a lender who understands your needs, moves quickly, and offers transparent terms. Ready to grow your business? Contact Oakstone Lending today to fund your next deal with confidence.
You can also submit your deal directly with our underwriting team at Fundwise Capital here.
