Simultaneous closings or “Table Funding” is where a investor purchases your newly created private mortgage note simultaneously (or later that day), when the real estate purchase goes to closing.
In this instance, the real estate or business seller has the option to offer potential buyers owner financing which will increase the number of interested buyers, offer seller/buyer flexibility, avoid stringent lender guidelines for buyer, and allow the seller to sell at his or her desired price, or in some cases more!
0 comments:
Post a Comment