Whether you're a real estate investor or wholesaler, we'll fund your deals fast - no credit check required. We cover EMD, double closings and even your down payment for a seller carry-back.
EMD Funding
We charge a flat 40% return on all EMD deals with a $1,500 minimum return. That means IF the deal closes, we would receive the initial amount plus 40%. We also charge a minimum $500 non-refundable fee prior to funding your deal to pay our transaction coordinator.
Double Close Funding
We charge a flat 1.5% fee on all double closings with at least 1 weeks notice. If you need the money quicker than that we will have to review to confirm. Our minimum return is $1,500 on smaller deals.
Seller Carryback Funding
We charge a flat 2.5% minimum fee on seller carry-back deals with at least 1 weeks notice. If you need the money quicker than that we will have to review to confirm. Our minimum return is $1,500 on smaller deals.
How much do you charge?
We charge 40% return for lending EMD and 1.5% for double closings to start. We also fund seller carry-backs starting at 2.5%.These numbers can change depending on duration of the deal and risks involved.
Are there any up-front fees?
For EMD, we charge minimum $500 to pay our team for underwriting and processing the deal. Sadly we must do this so we don't end up losing money by funding your cancelled deal. If you are confident in your deal closing, this will have no effect on you!
What qualifies as double closing?
A double closing is a real estate transaction method where two back-to-back property sales occur on the same day, involving three parties: the original seller, the investor (middleman), and the end buyer.
Here's how it works:
First Transaction: The investor agrees to purchase the property from the original seller.
Second Transaction: The investor simultaneously sells the property to the end buyer at a higher price.
During a double closing, the investor typically uses the funds from the end buyer to complete the purchase from the original seller. This allows the investor to profit from the difference in sale prices without needing to use their own funds for an extended period.Double closings are often used in real estate wholesaling and transactional funding, allowing investors to efficiently facilitate deals and earn profits by connecting motivated sellers with interested buyers.
A stack method deal otherwise known as a seller carry-back occurs when the buyer gets a new loan to purchase the property, and then comes to an agreement with the seller for them to finance the down-payment behind the loan.
If your deal matches this structure, we will fund the down-payment for the first transaction until it is replaced with the money the seller is willing to finance to you after the purchase as agreed.
Can you fund EMD for end buyers?
We can fund EMD for end buyers. At the end of the day, our funds have to be protected no matter what. Typically that is done through an inspection period that goes through close of escrow. If you have no inspection period on your deal or the EMD is non-refundable we will not fund your deal. Proof of past HUDS may be requested to show prior experience.
If however the inspection period goes through the closing, we may be able to fund it.
We will fund up to $100k on EMD and $100M for double closings. As long as your deal qualifies under our standards, we will be your one stop shop for all transactional funding both now and in the future!
We typically require 48 hours of notice to fund a deal, however we have funded in as quickly as 5 minutes (seriously). If you have a deal, your best bet is to submit it as soon as possible so we can review it and get the process started.
If your deal does not close, we do not charge you the 40% fee. Your only cost would be the up front fee since our transaction coordinators have already worked on the deal for you.
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