- Here’s a Definition of Transactional Funds and How to Use Transactional Funding For Your Back-to-Back Closings.br br What is Transactional Funding?br Also referred to as: flip funding, double close funding, bridge funding, back-to-back funding, simultaneous funding, gap fundingbr - Short term loan finance the A-B side of a short sale or REO wholesale transaction. br - There is no credit check or income verification required.br br How does the process work:br - Identify the property of interestbr - Request Proof of Funds (letter) - - Execute buy and sell contractbr - Request fundingbr - Submit transaction documentsbr - Lender Reviewbr - Loan approvalbr - Fundingbr - **Extended Funding - 30-day holding periodbr - 90-day Seasoning Rule - expired in Feb.br br What it WON’T Fund:br - Rehab Projects (Fix and Flip)br - Earnest Moneybr - Escrow Depositbr br Please take the time to leave your comments for this video below. Take care and good investing.