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Program 05
Transactional Funding in San Luis Obispo
San Luis Obispo transactional funding for wholesalers' double closes.
We fund the A-to-B leg of a double close so you can close the B-to-C leg the same day, financing up to 100% of the purchase price with no credit check and no appraisal on a term measured in days, not weeks. Every county recording runs through the SLO County Clerk-Recorder, and San Luis Obispo's escrow-driven closing table is the same one your wholesale deal already uses. Pricing is a flat fee, repaid from the simultaneous resale. Business-purpose funding only, subject to underwriting.
Same-day
funding
100%
of purchase
Days
not weeks
No credit
check
Typical figures, subject to underwriting and market conditions. Not a commitment to lend.
How it works
Funding is typically same-day with flat-fee pricing and no appraisal or credit check, since the loan is repaid from the simultaneous resale. Bring us the closing docs and we handle the rest.
Who it's for
Wholesalers
Assignment and double closes
Back-to-back closings
Time-sensitive resales
Typical terms
UseFunds the A-to-B leg
LeverageUp to 100% of purchase
TermDays, not weeks
PricingFlat fee
UnderwritingNo credit / appraisal
CloseSimultaneous
*Typical terms, subject to underwriting and market conditions.
Local FAQ
Transactional Funding in San Luis Obispo, answered.
Does California require a wholesaler's license or cap what I can charge on an assignment in San Luis Obispo County?
No bespoke wholesaling statute exists in California, and no assignment-fee cap or count has been verified for San Luis Obispo County. The governing rule is the state's broker-license definition: acting for another person for compensation in selling real estate or negotiating a loan requires a DRE license under Business and Professions Code section 10131. Treat any blog citing a specific wholesaling law for California as unverified, and talk to your attorney about how your structure is licensed.
Why does the A-to-B leg on my double close need to be wired instead of a check?
California's good funds statute makes a wire same-day disbursable and a check is not. Insurance Code section 12413.1 lets an escrow or title entity disburse cash and electronic payments, wires included, on the same business day they're deposited; a check or draft has to clear collection first. Transactional funding exists to put same-day money into escrow on the A-to-B leg so your B-to-C leg can close right behind it.
Will a San Luis Obispo County title company do a back-to-back same-day double close?
That is a question for the title or escrow company on your specific deal, not something we can promise as a county norm. No source confirms whether San Luis Obispo County title companies underwrite same-day double closes, or on what conditions, and every wholesaling blog claiming otherwise falls short of a citable source. Confirm capacity with your title company before you count on a same-day turn.
Does a double close in San Luis Obispo County pay transfer tax twice?
Yes. San Luis Obispo County's documentary transfer tax is $1.10 per $1,000 of price countywide, split $0.55 city and $0.55 county with no charter-city add-on, even in the city of San Luis Obispo. A double close records two conveyances, so that tax is paid twice: about $2,200 round trip on a $1,000,000 property. It's a small line item, not a burden, and it's worth pricing into your assignment fee.
Is San Luis Obispo County an attorney-closing state, and who runs escrow on my deal?
No attorney is required at closing anywhere in California; this is an escrow state. Northern California custom typically has the title company run escrow, while Southern California more often uses a separate independent escrow company, and San Luis Obispo County sits on the seam between the two with no source placing it on either side. Ask your title or escrow company directly which model they use on your transaction before you build a closing timeline around it.
Where does a wholesale deal in San Luis Obispo County get recorded?
Every conveyance in the county, incorporated city or unincorporated community, is recorded with the San Luis Obispo County Clerk-Recorder at 1055 Monterey Street. That includes deals in the seven cities and in unincorporated communities like Los Osos, Templeton, Nipomo, Cambria, Cayucos and Avila Beach: one recorder's office and one documentary transfer tax rate across the entire county.
FAQ
Transactional Funding questions, answered.
What is transactional funding, and when do I use it?
Transactional funding is short-term capital that funds the A-to-B leg of a back-to-back (double) closing, so you can resell to your end buyer (B-to-C) the same day. It is built for wholesalers and assignment deals where you need to take title briefly without using your own cash.
How much does transactional funding cost?
It is priced as a flat fee rather than an interest rate, since the money is only out for a day or two. Market pricing generally runs about 1% to 3% of the amount funded, with a dollar minimum on small deals. You also cover the normal double-close costs such as title, escrow, and recording.
How much of the purchase will you fund?
We can fund up to 100% of your purchase price on the A-to-B closing, so you bring no money to the table. The loan is repaid directly from the proceeds of your simultaneous B-to-C sale.
Do you check credit or require an appraisal?
No. Transactional funding requires no credit check and no appraisal. Approval rests on a verified, ready-to-close end buyer rather than your personal finances, which is why it can fund same-day.
What do you need to fund the deal?
Your executed A-to-B and B-to-C contracts, proof of the end buyer's funds, and a title or escrow company that allows back-to-back closings. With those in hand we can fund the same day.
How long is the loan?
Very short, usually a matter of days. It is designed to be repaid out of the same-day or next-day resale, not held like a normal loan.
Resources
Guides for Transactional Funding
Fix and Flip · 6 min read
Fix and Flip Loan Requirements: What You Need to Get Funded
Read the guide Transactional · 4 min read
What Is Transactional Funding? (Double Closings for Wholesalers)
Read the guide Fix and Flip · 5 min read
Can You Fund a Fix and Flip With No Money Down?
Read the guide Getting Funded · 4 min read
How Fast Can a Hard Money Loan Close?
Read the guide Compare
Transactional Funding vs. other options
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Funding San Luis Obispo deals fast.
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