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      Northside Funding is a private mortgage lender focusing on 1-DAY TRANSACTIONAL FUNDING LOANS direct to select real estate investors at the lowest possible cost.
 
    When dealing with Northside Funding, you will not get a fancy website or telephone access to a customer service department to answer all your real estate questions. 

What you will get is:
- Straightforward business, dealing personally with the principal lender
-Fast communication, Fast decisions and Fast funding
-Fair rates and Flexible terms
-NO UPFRONT FEES - EVER!

     Transactional Funding, sometimes referred to as "Flash Funding" is a 1 to 3 day loan to facilitate "back to back" real estate transactions.  These usually occur when an investor has received a lender approval to purchase a short sale or REO property and also already has a contract to re-sell the property to an end buyer.  These are typically referred to as A-B and B-C transactions.  We fund the A-B transactions.

     NorthSide will loan 100% of all the purchase costs for the A-B transaction in these cases and the fee is JUST 1.5 POINTS, the lowest in the industry. 

No application or processing fees every apply at all! 

Repeat transactional borrowers often see their rates lowered after several deals and the rates can go as low as 1 point!

     We can offer Transactional Funding within 24 hours after all documents have been received, and in most states, under the following criteria.


Transactional Funding Guidelines:

- Loan Size $30,000 - $400,000.  Duration - 1-3 days.

- NorthSide lends 100% of net purchase costs.  

THE BORROWER/INVESTOR MUST:

1. Close both transactions through the same title company.  No quit claims.

2. Provide full details of both the A-B and B-C transactions including proof that the A-B transaction has been disclosed to the C buyer and the C lender.

3. B-C contract must have all contingencies satisfied and funds "in house" with the title company prior to the A-B closing.

4. Both closings must be the same day with the same title company.

FEES

   1.5 points.  No processing fees.  There are late charges if the loan is not paid back as agreed.  Minimum total fee is $1000.

TO SEE IF YOUR PROPERTY FLIP QUALIFIES FOR TRANSACTIONAL FUNDING. PLEASE FILL OUT THIS FORM