Transactional Funding in Stillwater

Not on a covered residential wholesale contract, and it is worth knowing before you set a closing date. As of November 1, 2025, Oklahoma statute defines "wholesaler" and folds double closing into that regulated category (59 O.S. 858-102(20)), and 59 O.S. 858-314 requires the wholesaler to disclose the resale intent in writing before the contract is signed and gives the homeowner a right to cancel within two business days of signing, with no penalty and no deed signed until that window ends. A same-day close cannot legally outrun a cancellation right that has not yet expired. Build your Stillwater timeline around the two-day window rather than around speed. We fund the A-to-B leg on transactional funding once the contract is enforceable; talk to an Oklahoma real estate attorney about your specific contract language.

Not to assign a contract privately, but publicly advertising the assignment does require one. Oklahoma has regulated the public marketing of an equitable interest since November 1, 2021, and since a 2024 amendment (59 O.S. 858-301, effective November 1, 2024) publicly marketing an equitable interest in a purchase contract is treated as acting as a real estate licensee. The same statute still protects a private disposition made "in the regular course of . . . ownership . . . and the investment therein." Where the line falls between a private buyer list and public marketing is a question for Oklahoma counsel, not a lender.

A Payne County abstractor, more often than the funder. Oklahoma is an abstract-and-attorney-opinion state by statute: 36 O.S. 5001(C) requires a title commitment or policy to issue only after an Oklahoma attorney examines a certified abstract prepared by an abstractor licensed in the county where the property sits. For a Stillwater deal that means a Payne County abstract has to be brought forward and examined before either leg of an A-to-B or B-to-C closing can happen. Whether local title companies will fund the A-to-B leg from B-to-C proceeds, and typical Payne County abstracting turnaround, were not sourced for this page. Ask your settlement agent how they handle a back-to-back close before you commit to a date.

Yes, and the Oklahoma Real Estate Commission publishes it free of charge. 59 O.S. 858-314(G) requires OREC to publish a notice-of-cancellation form that the wholesaler must attach to every covered contract, and the "Notice of Homeowner's Cancellation of Wholesale Real Estate Purchase Contract" is published in OREC's contract-forms set. Leave the required disclosures out and the contract is invalid and unenforceable by the wholesaler, and the homeowner is entitled to any earnest money deposit. OREC has not published an implementing rule interpreting the act, so we cannot describe how actively it is enforced. Point your own wholesale paperwork at OREC and at Oklahoma counsel.

No, and the 10 percent figure people cite is the wrong number for a business-purpose deal. Oklahoma's constitution sets a 10 percent usury default, but only "in the absence of legislation fixing maximum rates of interest," and legislation exists: 14A O.S. 3-605 lets a non-consumer loan carry a finance charge up to 45 percent a year, actuarial method. Our transactional funding is flat-fee and business-purpose, and pricing is set in underwriting. How the ceiling applies to points, exit fees, and default interest on a specific deal is a question for Oklahoma counsel.

Yes, for recording and mortgage tax, but not for the purchase. Transactional funding covers up to 100% of the purchase price on the A-to-B leg, priced as a flat fee with no credit check and no appraisal. What you should still budget for is the statewide deed stamp at $0.75 per $500 of consideration on each leg and, if either leg carries a mortgage, the term-scaled mortgage registration tax under 68 O.S. 1904, which runs lowest on short-term paper. Neither figure is Payne-County-specific; both are set statewide. Subject to underwriting.

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.