Simultaneous Closing

The term "simultaneous closing" refers to two closings occurring simultaneously, or at the same time. In our industry this technique is used when traditional financing will not work, or is not desired for some reason.

Using this strategy, the seller creates the note, much like a bank would do, and we purchase that note at, or right after closing (simultaneous closing). All notes are purchased at a discount depending upon a variety of factors, including property type, size of the note, interest rate, note terms and especially the credit score and profile of the buyer. We help structure the transaction to minimize the discount and to meet everyone's needs.

While we can not get every buyer qualified, our requirements are much less stringent than banks and other traditional lenders--and we can save many deals that otherwise will not close!

Temporary Seller Financing is not meant to replace traditional, conventional lending… but is designed to be used as an additional alternative method of financing, when the conventional approach will not work or is not desirable for some reason. For example:

When the buyer does not "bank qualify" because of a high DTI ratio, or is newly self employed, or has a low down payment, etc.
When time is of the essence! We can generally close within 7 days of getting of full package.
When the property has not moved and seller is ready to drop the price...DON'T DROP THE PRICE! Instead, offer owner financing, attract more buyers immediately, sell the property at full appraised value, and discount the note!

Everyone wins with Temporary Seller Financing. The seller gets cash out at closing, the buyer gets a property he could not otherwise purchase, and agents get commission based on full sales price. WIN! WIN! WIN!

Feel free to look at our Frequently Asked Questions for more detailed information.