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EMD
0-5k loan, we charge $2,000
5,001-15k loan, we charge $3,000
15,001-25k loan, we charge $6,000
25,001-50k loan, we charge $15,000
50,001-75k loan, we charge $25,000
75,001-100k loan, we charge $35,000
Funding over 100k for EMD needs to be discussed over the phone, as rates are not listed. Please email info@takemycashnow.com after your submission if this is the case.
DEPOSIT REQUIREMENT:
For EMD we have a 6% upfront deposit ($250 minimum), NON REFUNDABLE. The upfront deposit is credited towards the fees if the deal goes through. (This fee is wired/Zelled directly to us and paperwork on fees will reflect the difference between initial deposit and fee.)
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DOUBLE CLOSE AND MORBY METHOD FUNDING
1.5% for 24 hour transactional loan up to $500,000 (minimum return of $1000)
2% for 24 hour transactional loan $500,000 - $1,000,000
2.5% for 24 hour transactional loan $1,000,000 - $1,500,00
2% per day fee for additional days money is held in escrow
If there are two separate title companies involved in the double close we charge 3%
If there is additional paperwork/terms for the morby method/transaction, for example a deal over 500k or needing us on the operating agreement we charge 3%.
>>>Deals over 500k for double close and 100k EMD need to be discussed over the phone further. Please email: info@takemycashnow.com after your submission if this is the case.
Transactional Lending over $1M will be required to close with our attorney<<<