Can I get transactional funding with no deals under my belt?

Yes. Transactional lenders underwrite the contracts, the end buyer's funds and title readiness. Axelrad's transactional page lists no credit pull, no background check and no entity seasoning.

Do I need an LLC for my first double close?

Axelrad does not require entity seasoning, so a brand-new LLC is not a problem. Whether you should buy in an LLC or your own name is a question for your attorney and tax professional.

What if my end buyer backs out after I am approved?

Nothing funds until title confirms both legs are ready, so the lender will not wire into a dead resale. You may still owe your seller under the A–B contract, which is why your contract terms and deposit refundability matter.

Will the seller see my profit?

In a double close, the seller sees a cash buyer on the A–B settlement statement and the end buyer sees you as the seller on the B–C statement. Your spread does not appear on the end buyer's paperwork the way an assignment fee would.

What does transactional funding cost on a first deal?

The same as any other deal. Axelrad's pricing starts at 1 point on the standard double close, paid from the B–C closing.

Transactional Funding for Your First Wholesale Deal

Do you need experience to get transactional funding?

Not in the way other loans do. Experience matters for loans that stay out for months, like fix-and-flip or bridge financing, because the lender is betting on your ability to manage a project. A transactional loan is usually repaid out of the B–C closing the same day. (A–B is your purchase from the seller; B–C is your resale to the end buyer.) The lender's real question is whether the end buyer's money will show up.

Axelrad's transactional funding page lists no credit pull, no background check, no entity seasoning and no minimum deal size. Entity seasoning means how long your LLC has existed; it does not matter here.

What will the lender actually ask for?

Four things, the same for a first deal or a fiftieth:

Your executed A–B purchase contract with the seller.
Your executed B–C resale contract with the end buyer.
Proof that the end buyer's money is real: proof of funds for a cash buyer, or their lender and open conditions if they are financing.
A title company or closing attorney ready to close both legs.

If you have all four, you have a fundable file. If you are missing one, that is your to-do list.

What mistakes do new wholesalers make on a first double close?

These are the ones that cause the most trouble in our experience.

Calling the funder before the end buyer is signed. A verbal "I'll take it" from a buyer is not a B–C contract. The live post on transactional funding without an end buyer explains why.
Not telling title it is a double close. Some title companies are comfortable running back-to-back closings; some are not. Ask on day one.
Promising the seller a closing date you cannot control. Your A–B date depends on your B–C buyer being ready.
Forgetting about two sets of closing costs. A double close has costs on both legs. An assignment usually has fewer, which is why the assignment vs double close calculator is worth running.
Contracts that don't line up. Make sure the address, legal description and closing date match across both contracts.

Double close or assignment for a first deal?

Situation	Assignment often fits	Double close often fits
Contract allows assignment	Yes	Optional
Contract or addendum bans assignment	No	Yes
You want the spread off the buyer's paperwork	No	Yes
You want the lowest closing costs	Usually	Usually not
You need a lender	Usually not	Yes, unless you have the cash

Neither is "the beginner option." Pick the one the contract and the numbers support.

A worked example

Example only, from the figures on Axelrad's transactional page. Your first contract is at $200,000, and you have signed an end buyer at $230,000. You put up $5,000 in earnest money. Axelrad wires the remaining $195,000, the 1-point fee is $1,950, and it comes out of the B–C closing. After $5,500 in combined closing costs and the fee, the published example nets the wholesaler $22,550.

Change your closing costs, earnest money or spread and the number moves. Run your own version before you sign the B–C contract, not after.

What about the earnest money on your first deal?

If the seller wants a deposit you would rather not front, EMD funding (earnest money deposit funding) is a separate product. Axelrad funds fully refundable deposits only, with a minimum fee of $500 and some flexibility so newer investors can get their first deals done. The wholesale funding resource shows when to start with EMD and when to start with transactional funding.

Is wholesaling legal where you are?

That depends on your state and sometimes your city, and rules have been changing. Treat this as general information, check with a real estate attorney before you market or sign, and ask your title company what it requires. Some title companies will not close certain wholesale structures at all.

Key takeaways

A first deal is fundable if the deal itself is complete: two contracts, verified end buyer funds, ready title.
Axelrad's transactional page lists no credit pull, no background check and no entity seasoning.
Tell title it is a double close before anything else.
Run the assignment vs double close math so you know which exit nets more.
EMD funding and transactional funding are separate requests, and one deal can use both.

Start your first double close the right way

When you have both contracts signed, send the deal to Axelrad and the team will tell you exactly what is missing, if anything. Current terms are on the transactional funding page.