Transactional Funding for Same-Day Double Closings
Reviewed by Bryce Axelrad, Head Underwriter & Funding Manager Updated
The basics
What is a transactional loan?
Transactional funding is short-term capital — often out for a single day — that lets you buy from the seller and resell to your end buyer in two separate closings, with none of your own money at the table.
A to B
Axelrad wires the full purchase price and you buy the property from the seller. The seller sees a cash buyer, because on that closing that is exactly what you are.
B to C
You resell to your end buyer and their funds arrive at title. Nothing is assigned, so your spread never reaches their settlement statement.
Repaid
The loan clears out of the second closing, usually the same afternoon. The money is out for hours rather than months, which is what makes the pricing work.
Underwritten on the deal, not on you
A transactional lender is looking at the exit, not at your file. No credit pull, no background check, no entity seasoning, no minimum deal size. What matters is that the B–C contract is real, the end buyer’s funds are verified, and title is ready to close both legs.
When an assignment will not work
Wholesalers reach for transactional funding when the purchase contract forbids assigning, an MLS, REO or government addendum bans it, the state restricts wholesaling, or the spread is large enough that you would rather the end buyer never saw it. A double closing keeps your profit off their paperwork.
Need the earnest money rather than the closing capital? That is a different product — see EMD funding and gator loans — and we fund both sides of the same deal all the time.
Transactional funding example
One double close, dollar by dollar
On a $200,000 purchase resold for $230,000, transactional funding at 1 point costs $1,950. Axelrad wires the $195,000 still owed after your earnest money, both closings happen the same day, and title repays the loan out of the end buyer’s money. After both sets of closing costs, the wholesaler keeps $22,550.
The fee is paid out of the B–C closing, never up front, and nothing is payable at all if the deal does not fund.
- A–B purchase price
- $200,000
- Earnest money you have paid
- $5,000
- B–C resale price
- $230,000
- Axelrad wires to title
- $195,000
- Your A–B closing costs
- $2,500
- End buyer’s funds
- $230,000
- Axelrad repaid, plus 1 point
- $196,950
- Your B–C closing costs
- $3,000
- Paid to you at title
- $30,050
You keep
$22,550
The $30,000 spread, less $5,500 in closing costs and the $1,950 funding fee. The $30,050 paid to you at title also returns the $7,500 you put in along the way.
Example figures, not a quote.
Transactional Funding Calculator
Run your own double close
It opens on the example above. Change any figure and your net updates as you type.
Buy and resell the same day. Calculate net profit after both closings and your transactional funder's points or flat fee.
Closing terms explained
- Double close
- A sells to you (B), then you sell to the end buyer (C).
- Funder points
- Each point is 1% of the transactional advance. Double Close uses points or a flat fee, not both.
- Seller carry
- Debt owed to the seller in second lien position. It is not automatically cash in escrow.
- DSCR
- Debt service coverage ratio compares property income with debt payments. Both liens matter to your cashflow.
Purchase & Exit
Credited toward the purchase price, not an additional expense.
Include all resale charges, including selling commission, as a dollar amount.
Transactional Funder
Default advance = purchase price minus earnest money. Buyer cash covers purchase closing costs unless included in the override.
Applied to the actual advance. No flat fee is added.
Deal Snapshot
Estimated net profit
$22,550
- Gross spread
- $30,000
- Transactional advance
- $195,000
- Funder fee
- $1,950
- Both closing costs
- $5,500
- Total transaction costs
- $7,450
- Break-even resale
- $207,450
- Funder payback
- $196,950
- Additional buyer cash at purchase
- $2,500
No advance means no funding fee. Fees are paid at repayment and are not withheld from the advance. Displayed dollars are rounded.
Planning estimate only. Editable defaults are examples, not a quote or funding commitment. Confirm the approved structure, all costs, and the repayment source.
Request FundingTalk through the numbers: (832) 925-4751
Skip the Headaches & Fees
Our team has extensive experience navigating high-stakes, time-sensitive transactions, making us the go-to transactional funding partner for real estate wholesalers.
Feature
Axelrad
Other Lenders
Minimums
No Minimums
Min of 100k
Requirements
No Borrower Requirements
Entity Docs, Fico, Lender policy, Upfront Fees
Funding Speed
24 Hrs Or Less
Days To Weeks
Max Lending Amounts
No practical cap
Typically less than 1 million
Deals Types Supported
Stacked, Morbys, Hold-backs, Foreclosures, Non-Assignments & More
Only basic A-B, B-C
Top Of Industry Expert
Funded Many Complex, Large-Balance Deals
Limited Knowledge And Exp.
points
starts at 1%
2-12%
Contract Types Supported
MLS, REO, Gov’t & More
Limited
Same Title Company
Not Required
Required
Delayed/ Extended Options
Yes
No
costs and downpayment
No Costs Unless Deal Funds
Upfront Legal & Processing Fees
24 Hour Funding with Zero Hassle
No Upfront Fees – Pay only when the deal closes
No Credit or Background Checks – We underwrite the deal, not you
100% Funding Every Time – We’ll cover the full A–B close
Same-Day Funding – Often within hours of your call
Funds Ready When You Are – No queue, no waiting list
Double Closings, Simplified.
Party A sells to Party B (you, the wholesaler), who sells to Party C (end buyer).
We help you purchase the property and resale it quickly.
No assignment required. Your profit is kept confidential.
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Two structures
Two ways to use a transactional loan
Transactional funding is a category, not a single product. Nearly every double-closing deal we fund is one of these two structures, and both are underwritten the same day.
The standard double close
You are under contract to buy from the seller and already under contract to sell to your end buyer. Axelrad wires the full purchase price for the A–B leg, both legs close, and we are repaid out of the B–C proceeds the same day.
Funds 100% of the A–B purchase price
Works on MLS, REO and government contracts that forbid assignments
One title company or two — we never require you to use ours
Pricing starts at 1%, with nothing payable unless the deal funds
Gap transactional
Four names, one deal: gap transactional, cash-to-close transactional, the Morby method and the stack method all describe a seller-financed acquisition where somebody still has to bring the rest of the money to the table. Axelrad fronts the cash to close so the purchase funds on time.
Seller-financed acquisitions where the cash to close is the missing piece
Stacked deals, hold-backs and foreclosure payoffs are routine here
No spread too small to bother with, and size is rarely why we pass
Delayed and extended options when the B–C leg needs longer than a day
Funding starts at 2.5%
Compare
Transactional funding vs hard money
Both pay for a real estate purchase without a bank, but they solve different problems. A transactional loan exists only between two closings and is repaid by your end buyer’s money, usually the same day. A hard money loan stays out for months while you renovate or hold, and charges interest the whole time. If you are reselling the same day, you want transactional funding.
| Compared | Transactional funding | Hard money loan |
|---|---|---|
| What it pays for | The A–B purchase in a double close | A purchase, often with the rehab |
| How long it is out | Hours, usually repaid the same day | Months, often six to twenty-four |
| Underwritten on | Your B–C contract and the end buyer’s verified funds | The property’s value, your credit and your experience |
| Credit check | None | Usually |
| Down payment | None, up to 100% of the A–B price | Usually 10% to 30% of the price |
| Cost | One fee on the advance. Axelrad starts at 1% | Points up front, plus interest every month |
| Repaid from | The end buyer’s money at the B–C closing | A later sale or refinance |
Need the deposit rather than the purchase money? That is EMD funding. For all three side by side, read transactional funding vs EMD funding vs bridge loans.
Proof of funds
Proof of funds for a double close
A double close needs two different proofs, from two different people. The seller or their agent wants to know you can buy. Axelrad needs to know your end buyer can. We can provide the first, and we check the second before any money moves.
A proof-of-funds letter from Axelrad
When a listing agent or seller asks for proof of funds, request a letter from Axelrad for that property. A person on our team reviews every request before a letter is issued.
The property and the amount you are offering
Addressed to the listing agent, the seller or the title company
Your deadline, so we know when you need it
Your end buyer’s funds
Before we fund your purchase, the resale has to be real. If your end buyer is paying cash, we need their proof of funds. If they are financing, we need their lender and whatever conditions are still open.
It is what the loan is underwritten on, so it is checked first
Title confirms both legs are ready to close before we wire
Cash and financed end buyers both work
Three Simple Steps to Get Funded
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Why Choose Axelrad Capital?
Direct Lender
No junk fees or upfront charges
Your profits stay private — no end buyer disclosures
We lend in all 50 states — including restrictive wholesaling markets
Show up as the cash buyer to the seller
Perfect for MLS, REOs, and non-assignable deals
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Certainty
A transactional funder you can schedule around
Most of the names you find searching for a transactional funder are one-person operations funding in between their own deals. When their money is tied up, your closing slips — and you tend to find out the morning of.
Transactional lending is our main business rather than a sideline, so a closing date we accept is a closing date we keep. Bring us the deal another funder passed on for its size or its structure and you will normally have an answer the same day.
Your closing date never waits on somebody else’s closing
Deal size is rarely the reason we pass
Complex structures are routine here — not just basic A–B, B–C
We lend in all 50 states, including the restrictive wholesaling markets
How it works
Transactional funding, start to finish
Every deal moves through the same four steps, whether it is a straightforward MLS flip or a stacked, multi-party close. Most wholesalers are done in under 24 hours from the first phone call to wire.
Contracts, not credit
Send your A–B purchase contract and your B–C resale contract. We are not pulling credit or reviewing tax returns — the file that matters is the paper on the deal itself.
Underwriting the exit
Our underwriters confirm the B–C buyer's funds are verified and title is ready to close both legs. Most deals get a yes or a no the same day the contracts land.
Funding the A–B leg
Axelrad wires 100% of the A–B purchase price straight to the title company. You show up to your seller as the buyer with cash in hand — because you are.
B–C closes, loan clears
The B–C sale closes, usually hours later at the same title company, and our transactional funding is repaid out of those proceeds before you ever see a bill.
Transactional funding pricing starts at 1 point on the standard double close and 2.5% on gap transactional deals, with nothing payable unless the deal actually funds — see the pricing comparison above for how that stacks up against other lenders.
Our Success Stories
5.0★★★★★29 reviews on Google · Read them
Excellent communication and expediency— Ahmad A.
Total transparency— Nic B.
Someone in your corner— Travis M.
The easiest to work with— Dan S.
Dealmakers not dealbreakers— Green Root Development
Went way above and beyond— Americo P.
You couldn't dream of a better lending partner— Aaron W.
Professional, transparent, and always went above and beyond— Seth A.
Sharp, responsive— LeadMasters Property LLC
Creative with difficult deals— Robert
Always ready to pick up the phone— Brian A.
White label
Become a transactional funder yourself
Plenty of brokers send us the same deal every week and start wondering why they are not funding it themselves. They can. Axelrad white-labels transactional funding for brokers who want to show up to their own clients as the lender, with our capital behind the wire and our underwriters on the file.
What comes with it
A free CRM and a free set of deal tools, so you are running a funding desk instead of forwarding emails. You keep the client relationship. We keep the deal closing on time.
Application intake under your own brand
Document collection and borrower messaging
Pipeline and closing checklists
Direct lines to the people who say yes
Broker Rewards Program
We Are Proud To Work With Referral Partners
Mortgage Brokers, Real Estate Agents & Referral Partners
Want a lending partner that pays well, closes fast, and supports your hustle? At Axelrad Capital, brokers earn top commissions, access creative loan products, and close deals with speed and confidence. We offer white-label options, deal dashboards, and direct lines to decision-makers—so you're never flying solo. Join the network where brokers don’t just close—they build legacies.
Stay Compliant, Stay Profitable
Avoid issues with state-level assignment bans
Comply with MLS, REO, and government property clauses
Show up on HUD as a legitimate buyer
Eliminate pass-through/assignment risks
Let’s Do This
We’ve got funds ready to deploy, expert underwriters, and same-day wires. All we need is your deal.
Frequently Asked Questions
Everything you need to know about the product and Company. Can't find the answer you're looking for? chat to our friendly team.
Common Questions
What people actually ask before they apply.
What does transactional funding mean?
Transactional funding is short-term capital — often out for a single day — that lets a wholesaler buy a property from the seller (the A–B closing) and immediately resell it to their end buyer (the B–C closing), using none of their own money. The loan is repaid out of the B–C proceeds, usually the same afternoon.
What is transactional lending?
Transactional lending is a category of short-term real estate financing built specifically for double closings — one lender funds both legs of a same-day A-to-B-to-C transaction so a wholesaler never has to bring their own capital to the table.
What is a transactional funder?
A transactional funder is a private lender that wires same-day capital for a double closing — buying from the seller and reselling to the end buyer in two back-to-back transactions. "Funder" and "transactional lender" describe the same role; wholesalers in creative-finance circles often say funder because the money funds the closing rather than sitting on a long-term note.
How much does transactional funding cost?
Axelrad's transactional funding starts at 1 point on the standard double close — $1,950 on a $195,000 advance — and 2.5% on gap transactional deals, with nothing payable unless the deal actually funds. Market pricing across other transactional lenders typically runs 1–2% of the A–B purchase price, plus wire and processing fees some lenders add on top — Axelrad charges no upfront or junk fees. Deals over $1 million are priced on a call with our team.
What credit score do you need for transactional funding?
None. Axelrad does not pull credit or run a background check for transactional funding, because the loan is repaid out of the end buyer's money the same day. What we underwrite is the deal: a signed A–B purchase contract, a signed B–C resale contract, the end buyer's verified funds, and a title company ready to close both legs.
What are the requirements for transactional funding?
Four things: your executed A–B purchase contract, your executed B–C resale contract, proof that the end buyer's money is real, and a title company or closing attorney ready to close both legs. There is no minimum deal size, no entity seasoning and no requirement to use our title company.
What counts as proof of funds for a double close?
A double close needs two proofs. For your offer, the seller or listing agent usually wants a proof-of-funds letter, which Axelrad issues for a specific property after a person on our team reviews the request. For the A–B wire, Axelrad needs the end buyer's proof: their proof of funds if they are paying cash, or their lender and its remaining conditions if they are financing.
Can a double close fall through on closing day?
Yes, and the usual cause is the end buyer's money not arriving — a lender condition that has not cleared, or a cash buyer who cannot produce the wire. That is why the B–C buyer's funds are verified and title confirms both legs are ready before Axelrad wires the A–B purchase. If the resale needs longer than a day, Axelrad has delayed and extended options; call us before closing day, not after.
Is transactional funding the same as a hard money loan?
No. A transactional loan pays only for the A–B purchase in a double close and is repaid out of the B–C proceeds, usually the same day, with no credit check and no down payment. A hard money loan stays out for months while you renovate or hold the property, charges interest every month, and usually wants a down payment and a credit check.
Part of
The division this program sits inside, and everything else it funds.
Related products
Deals rarely fit one box. These are the programs investors most often compare this one against.
- EMD FundingGator loans and EMD funding in 24 hours with no credit pull, across all asset categories — we put up the earnest money so your capital stays free.
- Cash Advance / Gap LoansMorby-style gap funding with rates from 2.5% and 24-hour closings to cover the gap between your capital and the deal.
- Bridge LoansShort-term bridge financing up to 95% LTC on fix and flip acquisitions with 100% rehab financing — close fast, hold 12–24 months.
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