Paces Funding – A Transactional Funding
- Funding for back-to-back or simultaneous closings
- Both transactions done on same day
- No money down required
Why Choose Paces Funding?
Fast Turnaround
Asset Based Lender
Competitive Rates
Less Paperwork
We care about YOUR success
OUR LOAN PROCESS
APPLY
ONLINE
Get started by filling out our easy loan application.
APPLICATION
REVIEW
Once we receive your completed application, we will review the application and one of our experienced loan officers will call you to discuss any additional information we may need.
ADDITIONAL
DOCUMENTS
After the Application review, the next step is for you to submit your purchase contract and renovation list. During this step we will also provide you with a Good Faith Estimate to review and approve.
PROCESSING &
UNDERWRITING
Once the Good Faith Estimate has been approved, we will then order an appraisal and title. Our construction manager will visit the property with the borrower to go over the bid sheet and construction that will be performed on the property.
CLOSING
& FUNDING
At this time we will set up the closing with our preferred attorney and send over the closing instructions/documents along with the wire to fund the transaction. The borrower is required to provide the necessary property insurance prior to closing.