EMD – Limitless Cash Solutions LLC

Earnest Money Deposit (EMD)

What is a Earnest Money Depost (EMD), Double closings, Transactional lending?

Earnest Money Deposit (EMD) is a buyer’s upfront payment to signify commitment in a property purchase. Double Closings involve two back-to-back real estate transactions on the same day, allowing for swift property turnover. Transactional Lending, or flash funding, offers short-term financing for rapid real estate transactions, commonly used in scenarios like double closings. This type of lending bridges the gap between the initial purchase and subsequent sale, enabling investors to maximize profits.

Request For EMD

Please fill out the form in its entirety. We’ll contact you once we recieve and process your application.

Name

Phone Number

Are you direct to the wholesaler/borrower?

Yes No, I am working with another wholesaler

Who are the borrowers?

What is the borrowers experience?

What is their email?

What is their address?

What is the full property address?

Is this a mutual release state

Yes - Seller Addendum Signed Yes - Seller Addendum Not Signed Yet No, not a mutual release state

Attach Signed Mutual Release Seller Addendum

Amount of Money Needed

When does it need to be funded?

What type of deal is this

Transactional (1-7 day loan) EMD (30 Days to Close) EMD (60 Days to Close)

When does Due Diligence end? (EMD ONLY, if not EMD put close of escrow date)

What is the exit strategy? (Money Making Strategy?)

Where are OUR profits coming from? How do we get paid?

When is close of escrow?

Purchase Contracts (A-B and B-C)

Title Company/Closing Attorney

What fee have you negotiated?

Final Notes/Summary of The Deal Taking Place