Quick Transactional Funding on Demand.
We lend money to real estate wholesalers that need funds for Earnest Money Deposits and Double Close transactions. Loans range up to $1,000,000 and are funded in as fast as 24 hours.
At Dealchomp, it's our mission to help real estate wholesalers get the funds needed to close their deals, when they need it.
Earnest Money Deposit.
Consider it the golden handshake in the world of property deals.
We lend up to $100,000 in earnest money, allowing you to have the financial flexibility to seize every opportunity.
Double Closing.
Transactional funding lets you keep your contract details private.
Whether you have a non-assignable contract or wish to maximize your wholesale markup without scrutiny from your end buyer, we specialize in providing transactional loans of up to $1,000,000.
The Funding Process
Our goal is to pave the way for smooth transactions and solid partnerships.
Submit Your Deal
Share some information about your deal, the amount of funds needed, and the close of escrow date.
Sign The Agreement
We'll email you a contract with all lending details for you to sign electronically.
We Fund It
Get the money wired directly to your Title Company in as little as 24 hours.
Funding Options
We believe in simple and transparent pricing.
FAQs
Here are some common questions that we have the answers to.
Earnest Money Deposit
• 50% fee + 5% upfront deposit ($250 minimum).
• Maximum loan amount up to $100,000.
• The deposit is required before EMD is funded and will be credited towards the fee when the transaction closes.
For example : A $5,000 EMD will cost a $2,500 fee + $250 non refundable upfront deposit.
When the deal closes the fees due will be $2,500 - $250 = $2,250.
The total payback would be $5,000 + $2,250 = $7,250.
Double Closing
• 2% fee.
• Maximum loan amount up to $1,000,000.
• Same day closings only.
• If money is held in escrow for additional days, then a .2% per day fee will be applied.
• If there are two separate title companies involved in the double close we charge a 2% additional fee.
For example: A $500,000 loan will cost $10,000. No upfront deposits.
We fund within 24 hours, once all agreements have been signed and deposits have been received (if applicable).
No, we don't check your credit. We don't need your bank statements or tax returns. There are no personal financial requirements for transactional funding.
No.
Yes!
However, if you are doing a deal in any of the following states, you will need to have the seller sign an EMD release agreement prior to funding:
Texas, Georgia, Oklahoma, Tennessee, Oregon, Indiana, Wyoming, Missouri, Colorado, Florida, California Ohio, North Carolina, Massachusetts, and Alabama.
No. We fund deals for same day closing only.
No. We are private money lenders.