WHAT WE LOOK FOR
WHAT WE LOOK FOR
Experience
Experience
Some real estate experience preferred.
Some real estate experience preferred.
Prior track record of success may be required.
Prior track record of success may be required.
Security
Security
40% Expected Return
40% Expected Return
Security Deposit May Be Required
Security Deposit May Be Required
Personal Guarantee, Borrower Security Deposit required.
Personal Guarantee, Borrower Security Deposit required.
Speed
Speed
~48 Hour Acceptance
~48 Hour Acceptance
~24 Hour Funding
~24 Hour Funding
*14 - 128 Day Returns
*14 - 128 Day Returns
Money wiring authentication period varies.
Money wiring authentication period varies.
How It Works
How It Works
✓ Submit a Completed Request for Approval
✓ Submit a Completed Request for Approval
✓ Allow Time for Processing
✓ Allow Time for Processing
(Usually less than 48 hours)
✓ Receive & Prepare Lending Contracts
✓ Receive & Prepare Lending Contracts
✓ Funds Distributed to Wire Recipient
✓ Funds Distributed to Wire Recipient
(Usually less than 24 hours, as per submitted wiring instructions)
✓ Stay Connected with Regular Updates until Closing
✓ Stay Connected with Regular Updates until Closing
✓ Repeat with Every Deal!
✓ Repeat with Every Deal!
Frequently Asked Questions
Frequently Asked Questions
Q: "What's the cost?"
Q: "What's the cost?"
A:
A:
Due to limited capacity, EMDNow charges a standard upfront fee of $300 to secure your position as borrower.
Due to limited capacity, EMDNow charges a standard upfront fee of $300 to secure your position as borrower.
All EMD Funds are charged a 40% fee due at closing.
All EMD Funds are charged a 40% fee due at closing.
-> I.E. If we lend $5,000 for 4 weeks, a $300 payment is submitted upfront -> Details are verified with Title Company or Closing Attorney -> Contracts are Signed -> Funds are wired accordingly -> $5,000 plus 40%(+$2,000) = TOTAL: $7,000 due to EMDNow immediately upon closing.
PML Funds are charged based on negotiation, deal worthiness, timeline, and creditability.
-> I.E. If we lend $5,000 for 4 weeks, a $300 payment is submitted upfront -> Details are verified with Title Company or Closing Attorney -> Contracts are Signed -> Funds are wired accordingly -> $5,000 plus 40%(+$2,000) = TOTAL: $7,000 due to EMDNow immediately upon closing.
PML Funds are charged based on negotiation, deal worthiness, timeline, and creditability.
Q: "What if the deal DOESN'T close?"
Q: "What if the deal DOESN'T close?"
A:
A:
If a deal doesn't close you DO NOT pay a 40% fee. Your original $300 upfront payment acts as security in this case.
If a deal doesn't close you DO NOT pay a 40% fee. Your original $300 upfront payment acts as security in this case.
Q: "What does the process look like?"
Q: "What does the process look like?"
A:
A:
If we approve a lending request at $5,000 for 4 weeks, a $300 payment is submitted upfront
If we approve a lending request at $5,000 for 4 weeks, a $300 payment is submitted upfront
-> Details are verified with Title Company or Closing Attorney
-> Details are verified with Title Company or Closing Attorney
-> Contracts are Signed
-> Contracts are Signed
-> Funds are wired accordingly
-> Funds are wired accordingly
-> Original funding of $5,000 plus 40% return fee of $2,000 = TOTAL: $7,000 due to EMDNow immediately upon closing.
-> Original funding of $5,000 plus 40% return fee of $2,000 = TOTAL: $7,000 due to EMDNow immediately upon closing.
Q: "What are the lending types?"
Q: "What are the lending types?"
A:
A:
Earnest Money Down: EMD
Earnest Money Down: EMD
This is an upfront deposit required to secure a real estate deal. This money is usually held in escrow until closing, usually anywhere from 3% to 10% of the total purchase price of the property.
This is an upfront deposit required to secure a real estate deal. This money is usually held in escrow until closing, usually anywhere from 3% to 10% of the total purchase price of the property.
Double Closing: A "2 leg" closing transaction.
Double Closing: A "2 leg" closing transaction.
This is a process that takes place during escrow where a wholesale contract is moving from seller to wholesaler; and then in a second leg of the transaction immediately after the first, is transferred from wholesaler to buyer/investor; facilitated by escrow officer.
This is a process that takes place during escrow where a wholesale contract is moving from seller to wholesaler; and then in a second leg of the transaction immediately after the first, is transferred from wholesaler to buyer/investor; facilitated by escrow officer.
Private Money: Private Money Lending (PML) vs Hard Money Lending (HML)
Private Money: Private Money Lending (PML) vs Hard Money Lending (HML)
This is a form of lending that involves larger sums of capital and is often borrowed by seasoned real estate investors interested in buying, holding, renting, or flipping properties. Compared to Hard Money Lending, Private Money Lending is typically easier to acquire with lower interest rates and more flexible terms.
This is a form of lending that involves larger sums of capital and is often borrowed by seasoned real estate investors interested in buying, holding, renting, or flipping properties. Compared to Hard Money Lending, Private Money Lending is typically easier to acquire with lower interest rates and more flexible terms.
Loan Sponsorships: Alternative Lending Method (ALM)
Loan Sponsorships: Alternative Lending Method (ALM)
An alternative lending method is usually sought after in situations where traditional, creative, or private lending is next to inaccessible for a borrower. Under specific circumstance and terms, funding may be acquired using an ALM such as Loan Sponsorships.
An alternative lending method is usually sought after in situations where traditional, creative, or private lending is next to inaccessible for a borrower. Under specific circumstance and terms, funding may be acquired using an ALM such as Loan Sponsorships.
Q: "Can I increase my odds of being approved?"
Q: "Can I increase my odds of being approved?"
A:
A:
Yes! To further expedite your request for funding, and to increase your chances of being approved; make sure that all of the information provided in your submitted request form is exact and correct.
Ask yourself:
Is the amount you're requesting the exact amount listed for EMD on the original contract?
Does your requesting amount include an option fee? We will not fund those!
Are you requesting money post-closing? That is not EMD and we will not fund that.
Does the closing date on the original contract match the date in my request submission?
CONTACT US
CONTACT US
Support@EMD-Now.com
Support@EMD-Now.com