Transactional Funding in San Mateo

That is a question for a California real estate attorney, and we will not answer it for you. California has no statute written for wholesaling, and no San Mateo County or city ordinance regulating assignments turned up either. The rule that actually governs is the state's broker-license definition: acting "for another or others" for compensation in negotiating a sale or a loan requires a DRE license under Business and Professions Code section 10131. The industry position, that assigning your own equitable interest in a purchase contract is acting for yourself and not for another, while marketing the property itself crosses into brokerage, shows up only in practitioner sources, not in any DRE guidance document we could find. Treat that as a starting point for a conversation with a California real estate attorney about your specific contract and marketing, not as a settled rule.

Thin, and a page that pretends otherwise loses you money. This county's loan sizing skewed to roughly a $1,086,000 average across about 6,470 originations reported in 2023, the highest average loan size on our site, which changes the wholesaling math rather than just scaling it up: a spread that would run $15,000 in a $250,000 market is a rounding error against a seven-figure contract, and the pool of assignees willing to write a check that size on an unrepresented contract is small. Run the numbers on your specific spread before you commit capital to holding the contract, and if your A-to-B leg closes inside the City of San Mateo itself, price in that city's own transfer tax on top of the county's base rate; every other city in the county sits at the county minimum.

Because California treats the two funding methods differently under the good-funds law. Insurance Code section 12413.1 makes wired funds in escrow same-day disbursable, while a check is not, so on a same-day double close the A-to-B leg has to fund in collected, wired money before the title company can release funds for the B-to-C leg. That mechanic is why transactional funding exists as a product here rather than a simple same-day paper shuffle: someone has to put wired, collected capital into the A-to-B leg fast enough to keep the same-day close on schedule.

Likely the title insurance company, not a separate independent escrow company. California is an escrow state with no attorney required at closing, and Northern California custom, which covers the Peninsula, typically puts the title insurance company in the escrow seat rather than a separate independent escrow company, a different arrangement from the Southern California norm. Whether San Mateo County title offices will actually do a back-to-back same-day close, and on what conditions, was not something we could confirm at any source we would publish from, so ask your title company directly and build the timeline around their answer, not an assumption.

Possibly, if you take title at all rather than only assigning the contract. Under Civil Code section 1102.6h, a seller of a one-to-four unit single-family property who accepts an offer within 18 months of taking title has to disclose any room additions, structural alterations or repairs a contractor performed, naming the contractor. A double close where you take title on the A-to-B leg and sell again on B-to-C, even same-day, falls well inside that 18-month window, so you are a "seller" under the statute the moment you close. A pure assignment, where you never take title, is a different fact pattern. Talk to your attorney about which structure you are running here and what it obligates you to disclose.

You can pivot to a rehab loan instead of losing the deal. If your B-to-C buyer walks or their financing falls through on a San Mateo County double close, our fix and flip loan funds up to 90% of purchase and 100% of rehab so you can renovate and resell instead of carrying an assignment gone sideways. That is a separate underwriting decision from transactional funding, and either way your closing still runs through a California escrow, most likely with the title company in the escrow seat. Talk to us before your closing date, not after, so we can have terms ready if you need the fallback.

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.

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.

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.

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.

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.

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.