TLA has partnered with Stongbridge Funding, LLC (SBF) to provide transactional funding services. SBF is a seasoned private lender that provides transactional funding for Short Sale purchases and other investor-related activity, including REOs, FSBOs, commercial transactions, and any other simultaneous real estate closing, commonly referred to as an “ABC” transaction. Given the current market volatility, SBF’s services are vitally important to the real estate industry and they are excited to offer their funding capabilities to clients outside of their immediate fold.
SBF is different from other transactional lending companies as they control all of the funds they loan. Once they receive the required documents and approve the deal, the transaction can move forward – there are no secondary approvals needed as in many other cases. SBF has become so efficient that many of their clients are competitor referrals – other lenders that couldn’t get their deal the proper funding. SBG is able to step in and move the deal to close.
On average, funds can be made available within 24 hours of all information being submitted for review. The funding approval is based on the deal itself, not the borrower’s credit, financial status or Loan to Value ratio (LTV).
SBF generally funds transactions between $10,000 and $10,000,000, with larger transactions considered on a case by case basis. In addition, SBF provides Proof of Funds letters for all of its clients, when requested. The fee charged for borrowed funds is 2.00% of the principal loan amount, with a $2,000 minimum and a $300 administrative processing fee.
For more information please contact SBF at info@strongbridgefunding.com, visit StrongBridgeFunding.com,or fill out the form below.
An environmentally friendly company
Transactional Funding for Short Sales and REOs
TLA has partnered with Stongbridge Funding, LLC (SBF) to provide transactional funding services. SBF is a seasoned private lender that provides transactional funding for Short Sale purchases and other investor-related activity, including REOs, FSBOs, commercial transactions, and any other simultaneous real estate closing, commonly referred to as an “ABC” transaction. Given the current market volatility, SBF’s services are vitally important to the real estate industry and they are excited to offer their funding capabilities to clients outside of their immediate fold.
SBF is different from other transactional lending companies as they control all of the funds they loan. Once they receive the required documents and approve the deal, the transaction can move forward – there are no secondary approvals needed as in many other cases. SBF has become so efficient that many of their clients are competitor referrals – other lenders that couldn’t get their deal the proper funding. SBG is able to step in and move the deal to close.
On average, funds can be made available within 24 hours of all information being submitted for review. The funding approval is based on the deal itself, not the borrower’s credit, financial status or Loan to Value ratio (LTV).
SBF generally funds transactions between $10,000 and $10,000,000, with larger transactions considered on a case by case basis. In addition, SBF provides Proof of Funds letters for all of its clients, when requested. The fee charged for borrowed funds is 2.00% of the principal loan amount, with a $2,000 minimum and a $300 administrative processing fee.
For more information please contact SBF at info@strongbridgefunding.com, visit StrongBridgeFunding.com,or fill out the form below.