Axelrad Capital

Tools & Guides

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Deal calculators, loan guides and requests in one place.

Wholesale FundingClosing ChecklistPortfolio Schedule TemplateLoan GuidesCalculatorsWorksheets & ChecklistsAll Guides by TopicAssignment vs. Double CloseFAQGlossary & TermsVendor GuidePOF LetterPay Off RequestLoan DocumentsFree Credit Score

Financial Calculators

Use our free tools to run the numbers on your next deal.

Transactional Calculator

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.

Starts at $1,500 and remains editable. Replaces points.

Deal Snapshot

Estimated net profit

$23,000

Gross spread
$30,000
Transactional advance
$195,000
Funder fee
$1,500
Both closing costs
$5,500
Total transaction costs
$7,000
Break-even resale
$207,000
Funder payback
$196,500
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 Funding

Talk through the numbers: (832) 925-4751

Worksheets & Checklists

Fill-in tools that actually calculate

52 loan guides include a working calculator, worksheet, checklist or copy-out template. Pick a topic, open the guide, and enter your own numbers. Nothing you type leaves your browser.

Bridge Loans (28 guides)
Fix & Flip Loans (21 guides)
Business Loans (3 guides)

Guide Library

Every loan guide, by topic

155 guides on transactional funding, EMD, bridge, fix and flip and business loans. Browse the blog for the newest.

Transactional Funding (35 guides)
Fix & Flip Loans (32 guides)
Bridge Loans (31 guides)
Business Loans (21 guides)
EMD Funding (16 guides)
Creative Finance (11 guides)
Gator Funding (8 guides)
Rental Loans (1 guides)

Frequently Asked Questions

Transactional funding, EMD, Cash-to-Close and the application process. Can't find the answer you're looking for? Chat to our friendly team.

Transactional funding covers the cash you're short at a closing, usually for just a matter of days. Axelrad wires the funds to your title company and is repaid shortly after, once the deal closes.

Glossary & Terms

Plain-English definitions for the terms you'll see on a deal, grouped by topic.

Transactional Funding & Double CloseEMD FundingCash to Close & Seller StructuresProcess & DocumentsLoan Types & TermsCommercial Underwriting

Transactional Funding & Double Close

Transactional funding

Short-term funding that covers the cash you're short at a closing — often just days. Axelrad wires the funds to your title company and is repaid shortly after, once the deal closes.

Double close

Two closings back to back on the same property: you buy from the seller on the A–B leg, then sell to your end buyer on the B–C leg, usually hours apart at the same title company.

A–B leg

The first half of a double close — you (B) buying the property from the seller (A).

B–C leg

The second half of a double close — you (B) selling the property to your end buyer (C). The end buyer's funds on this leg are what repay the funding used on the A–B leg.

End buyer

The buyer who purchases the property from you at the second closing of a double close.

Wholesaler

An investor who puts a property under contract and sells their position in that contract, or closes and resells it quickly, rather than holding it.

Assignment of contract

Transferring your rights to purchase a property under an existing contract to another buyer, before you close on it yourself.

Assignment fee

What a wholesaler is paid for assigning their purchase contract to an end buyer.

Master loan agreement

A loan agreement you sign once with Axelrad and that stays on file. Every transaction after that only requires a short set of transaction-specific documents, not a full new package.

EMD Funding

EMD (earnest money deposit)

The deposit a buyer puts down to show they're serious about a purchase contract. It's typically held by the title or escrow company and applied to the purchase at closing.

EMD funding

Axelrad putting up the earnest money deposit on your purchase contract, so your own capital stays available for the rest of the deal. It's its own product, not a Cash-to-Close deal type.

Gator funding

Another name for EMD funding.

Inspection period

The window in a purchase contract when a buyer can inspect a property and typically cancel or renegotiate the deal.

Contingency

A condition in a purchase contract — financing, inspection, or appraisal, for example — that has to be satisfied or the buyer can walk away.

Cash to Close & Seller Structures

Cash to close

Funding that covers the cash you're short on your own purchase closing, as opposed to a double close for resale. Axelrad funds the gap and is repaid later through a structure such as a seller carryback, a cash advance on an invoice, a secured line of credit, or seller preferred equity.

Gap funding

Short-term funding that covers the gap between the capital you have and what a deal requires, such as a down payment or closing costs you're short.

Seller carryback

An arrangement where your seller agrees to wait for part of the purchase price, paid at a second closing shortly after the first. It does not have to be recorded — a signed promissory note is the minimum needed.

Promissory note

A signed, written promise to repay a specific amount on stated terms. It's the minimum paperwork a seller carryback needs before funding.

Deed of trust

A document that secures a loan against real property using a neutral trustee, similar to a mortgage.

Lien

A legal claim against a property that secures a debt. It has to be paid off or released before clear title can transfer.

Senior lender

The lender holding the first-position loan on your deal — your main financing, separate from any cash-to-close funding.

Subordinate loan

A loan or lien that sits behind another lender's position and is repaid only after the senior lender.

Seller preferred equity

A structure where, after closing, your seller uses part of their sale proceeds to buy a minority ownership position in the entity that now owns the property, rather than carrying a note. Axelrad takes no equity under this or any other structure — the funds are always a loan.

Secured line of credit

A cash-to-close repayment structure where a lien is recorded against property you, or an affiliate, already own, instead of relying on a seller or a second closing.

Cash advance on invoices

A repayment structure for money you're owed on an invoice that's already being paid at a closing. You assign the invoice, and it's paid directly from that settlement-statement line instead of being paid to you. You remain responsible for repayment either way.

Disclosure email

A short, factual email sent early to whoever handles your real financing, stating that your closing funds are coming from a third-party source and are repayable — not your own capital.

Process & Documents

Title company

The company that holds funds in escrow, prepares closing documents, and confirms a deal is complete before anything is disbursed.

Escrow

A neutral account where a title company holds money and documents until every condition of a closing has been met.

Closing agent

The person at a title or escrow company who runs a closing and confirms when a file is complete.

Settlement statement

The document itemizing every payment in and out of a closing. Any payoff — an invoice, a carryback amount — appears here as its own line.

Proof of funds

A letter confirming that funds are available for a deal, often requested by a seller or listing agent before an offer is accepted.

Bank account verification

A service confirming that funds in a bank account are genuine and available. In the Credit version, a lender verifies the funds — it is not a credit pull. In the Non-Credit version, someone other than a lender verifies them.

Desktop appraisal

A property valuation done from records and photos rather than an in-person inspection. Used, for example, when a double close involves two different title companies.

Transaction coordinator

Someone who manages the paperwork and the conversations with a seller on structures like a seller carryback, so the borrower doesn't have to.

Pre-approval

An early read on whether a deal is likely to be funded, before full underwriting is complete. It is not a guarantee of funding.

Credit authorization

A signed form giving written permission for a credit pull. It's separate from a loan application, since credit is never pulled without asking first.

Wire instructions

The account and routing details used to send funds. Always confirm changed wire instructions by phone, using a number you already have — never a number in the email that changed them.

Loan Types & Terms

DSCR loan

A loan sized to a property's rental income — its debt-service coverage ratio — rather than the borrower's personal income.

LTV

Loan-to-value: the loan amount divided by the property's value.

ARV

After-repair value: what a property is expected to be worth once renovations are complete.

Fix and flip

A short-term loan to buy and renovate a property, repaid when the property sells.

Bridge loan

Short-term financing that bridges the time between two events — buying a new property before an old one sells, for example.

Hard money

Short-term, asset-based lending where the property, not the borrower's personal credit, is the primary basis for the loan.

BRRRR

Buy, Rehab, Rent, Refinance, Repeat — a strategy of financing a renovation and its rental income, then refinancing to free up capital for the next deal.

Rehab budget

An itemized estimate of what renovation work will cost, used to size a fix-and-flip or BRRRR loan.

CapEx

Capital expenditures: money spent on improvements that extend a property's life or value, as distinct from routine repairs.

NOI

Net operating income: a property's income after operating expenses, before loan payments.

Cap rate

Capitalization rate: a property's NOI measured against its value, used to compare income properties.

Commercial Underwriting

T-12

The trailing twelve months: the property's actual income and expenses, month by month, for the most recent year. Lenders underwrite from it.

Rent roll

A list of every unit or suite with its tenant, rent, lease start and end dates and deposit, as of a given date.

Pro forma

A projection of the property's income and expenses under assumptions about the future, such as higher rents after renovation.

Stabilized vs. value-add

A stabilized property is leased up and operating at market levels. A value-add property has room to raise income through renovation, re-leasing or better management.

NNN (triple net)

A lease where the tenant pays the property's taxes, insurance and maintenance on top of rent, so the owner's expenses are small.

WALT

Weighted average lease term: the average time left on the property's leases, weighted by each lease's rent or square footage.

Recourse / non-recourse

On a recourse loan the borrower is personally liable for the debt. On a non-recourse loan the lender's claim is limited to the property, except for the carve-outs.

Carve-outs

Events, such as fraud, misapplied funds, an unapproved transfer or a voluntary bankruptcy, that make a non-recourse borrower personally liable. Often called bad-boy carve-outs.

Prepayment penalty types

Charges for paying a loan off early. Step-down: a set percent that falls each year (for example 5-4-3-2-1). Yield maintenance: pays the lender the interest it loses from early payoff. Defeasance: the borrower substitutes a bond portfolio that makes the remaining payments.

Phase I ESA

A Phase I Environmental Site Assessment: a review of a property's records and current use for signs of contamination. It involves no soil or water testing.

Appraisal

A licensed appraiser's opinion of the property's value, typically drawing on comparable sales, the income the property produces and replacement cost.

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