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Frequently Asked Questions – Triple Deals Funding LLC
- What Services Does Triple Deals Funding LLC Offer?
We offer a range of services tailored to meet your real estate investment needs. Our offerings include Fix & Flip, Buy & Hold, Refinance, Commercial, New Construction, and Private Money Loans. We also provide Proof of Funds Letters, Collateral DNA Reports, Debt Stack Reports, and access to high-equity off-market property leads—so you are not competing with other investors in your area. - What are the benefits of private money lending?
Benefits include quicker access to capital, flexibility in loan terms, no minimum credit score requirements, and the ability to secure financing for properties that may not meet traditional lending criteria. - Are you a Lender or a Broker, and are there fees or commissions involved?
We are both a lender and a broker. If we cannot provide the funding you need, we have a large network of lenders and can broker the funds to you. Our goal is to offer you the best rates and the fastest closings. We also offer 100% funding through split equity opportunities. Regardless of the loan type, there is a standard 3% broker fee in the industry. - How do you decide the amount to lend?
Lending decisions are based on the asset you have under contract. Typically, we lend up to 90% of the purchase price and 100% of the rehab cost. Ask us how you can qualify for up to 100% financing. - I need 100% financing. Can you do that?
Yes! When joint venturing with us, we can provide up to 100% financing. - What Does True 100% Funding Mean?
We provide up to 100% financing for your purchase, rehab, and closing costs, up to 70% of the After-Repair Value (ARV), when a joint venture is established between Triple Deals Funding LLC and the borrower. - How long does it take to close a transaction from start to finish?
Once we receive all required documentation, we can close in approximately 14 days. However, gathering documentation can take three to four weeks, depending on how quickly you and your team provide the necessary paperwork. While we work efficiently, we recommend aiming for a 30-day closing window. - What Does FHA Cap Mean?
The FHA Cap represents the maximum loan amount for a county. To find the FHA Cap in your property’s location, visit:
FHA Mortgage Limits (hud.gov) - What Does ARV Mean?
ARV stands for After-Repair Value, which is the estimated value of a property after renovations are completed. - What Does Asset-Based Lending Mean?
Asset-based lending is a financing method where approval is primarily based on the value of the real estate under contract, rather than the borrower’s creditworthiness. While repayment ability is considered, the loan amount is largely determined by the property’s value. - What are your Loan Terms?
- Loan amounts range from $30,000 up to the FHA Cap in the county where the property is located. Additional funding solutions are available based on the property and loan type.
- Interest rates start at 7% annualized with an origination fee of 0-3%, and no prepayment penalties. (Credit scores impact rates but do not determine loan approval.)
- Loan terms:
- Fix & Flip: 6 months to 2 years
- Buy & Hold / Refinance: 30 years
- One loan is approved per applicant until a proven track record is established.
- Do I need an appraisal, and how much will it cost?
Yes, an appraisal is required before closing. Costs vary between $400 to $700, depending on the property’s location. - Is a Licensed & Bonded Contractor bid required?
In most cases, a licensed and insured itemized contractor bid is required before we can process the loan. - Is my information kept confidential?
Absolutely! Your privacy is of the utmost importance to us. Any information you provide is completely confidential. We are a trusted, professional, and reputable company that values integrity and respect in all client interactions. - I still have questions!
We’re happy to help! Contact us today to discuss your funding needs and get started.
