Truly Transactional Capital is a division of VGC Trading with the focus of providing a structured 1-30 day real estate transactional funding product.
Product Details: - 65% LTV (As-is) / 100% LTC - Residential or Commercial with building structure; no vacant land - Nationwide - 25 Million - 250 Million (Total funding amount for one or more transactions to be funded at one time and in one state) - 30-day term - No interest
Terms: - 10% financing fee (included in and deducted from amount financed) - $500 Processing fee and $1,000 Doc fee per transaction payable at closing Note: We will adjust and scale this structured product to meet requests for terms of 1-day to 3 weeks; 2% fee for 1-3 days, 4% fee for 1 week, 6% for 2 weeks, 8% for 3 weeks. Requirements: - Appraisal or BPO - (BPO must indicate that Broker went through the property and indicate the general condition of the property) - A Special Purpose Corporation
Collateral Security: - Stock shares of purchasing corporation
