Our About Us page explains transactional funding lenders information as well as our personal goals to help as many real estate investors as we can by sharing our knowledge and experience.
Transactional Funding Lender
To Your Limitless Success!
Who is Dave Dinkel?
Transactional Funding Lenders Are Not All Equal!
Dave Dinkel has been a real estate investor since 1975, for over 40 years. He understands the need for transactional funds to do double closings.
Your purchase and sale transaction stands on its own–
no credit required, no money required and bankruptcy is not a problem.
Dave Dinkel has committed himself to helping others become successful investors. Dave and his wife Nancy have been married for 50+ years and Dave is a graduate of the University of Florida with a Bachelor of Science in Chemical Engineering.
Dave assists new and experienced investors through his realty investing courses, programs and mentoring and is always active in doing deals locally. Many transactional funding lenders do not take the time to actually help the borrower understand the transactional funding process.
To further help investors who need funding for their A to B legs of double closings, Dave is partnering with closing agents and attorneys throughout Florida, Georgia, Kentucky, Mississippi, North Carolina, South Carolina, Tennessee and Alabama to make Transactional Funding Loans available to as many investors as possible. Transactional funding lenders are not all the same and we have changed the industry with low transactional funding costs.
Dave has been called the “Mentor of Mentors” and his reputation has always been his personal guarantee.
Check out Dave’s mentoring program here.
Our company’s mission is to provide transactional funding in the State of Florida, Georgia, Kentucky, Mississippi, North Carolina, South Carolina, Tennessee and Alabama to real estate investors so they can complete purchases and sales (double closings) with little or no money of their own.
Further, our mission is to help local communities by allowing investors to find and wholesale properties that will become rehab projects for other investors– completing the “Neighborhood Renewal” process so important to communities.
Our continued success depends on relationships with our clients. While it is relatively simple to evaluate whether a transaction that will be funded, the relationship between the investors, the closing agent, the original seller and the investor’s end-buyer are all critical working parts.
Deliver Affordable Value.
The real estate funding industry has long been known for charging excessive amounts for supplying funds to investors. There is a combined “option” attitude by many lenders who feel justified by the investor not having money– some profit is better than none so to speak.
In addition to points and interest charged by lenders, investors have historically been forced to pay so-called “Junk Fees” that can be in excess of the loan’s points. These include, but are not limited to Inspection Fee, Document Prep Fee, Loan Package Review, Processor Handling, and numerous fees that are camouflaged by creative names. Our corporate policy is to charge no junk fees what-so-ever. We also charge what we can determine to be among the lowest costs in the industry despite what other lenders advertise.
We provide Verified Proof of Funds (POF) and a Letter of Credit (LOC) to investors who use our lending services. We understand that most investors who are starting in real estate investing do not have their own POF or LOC and in many cases can not get listing agents to accept their offer of a property. We provide a Verified POF and LOC at no cost to investors who provide the minimal necessary information we require.
We suggest that you research other lenders and their sites to compare what they have to offer with what we deliver to our clients. We do this because we know we have little to no competition in the industry. We currently only do fundings in Florida, Georgia, Kentucky, Mississippi, North Carolina, South Carolina, Tennessee and Alabama but this could change in the future. If you are searching for hard money loans, we may be able to refer you to lenders we have worked with in the past.
Highest Ethical Standards.
We have been in the residential property investing industry since 1975, over 40 years. Our reputation is of the utmost importance because when all is said and done, real estate investors are a small community and unethical or negative dealings will follow investors.
Create Opportunity for All Investors.
We do not discriminate by race, color, sex, sexual preference or creed. We do not pull credit reports to qualify an investor for funding. Bankruptcy is not an issue for our lending criteria. We do reserve the right to refuse any transaction for any reason we deem appropriate for financial reasons not pertaining to the above discrimination.
Our Criteria for Lending.
Our criterion for lending is that all the “players” involved and the “audit trail” of the transactions be fully disclosed to us prior to the transactions (double closing). This includes, but may not be limited to, total access to the closing agent and full disclosure of the original contracts and closing statements or HUD Statements. Also needed is complete contact information for the investor including home address if different from his mailing address. The most important criteria are that the end-buyer MUST have wired funds in the closing agent’s escrow account JUST BEFORE funding the first “leg” of the transaction (A– B leg). End-buyer funding cannot be in the form of a cashier’s check or money order, only wired and cleared funds.
Right to Refuse Any Investor or Transaction.
We reserve the right to refuse to fund to any investor at any time in the funding cycle. While the actual reason for not allowing or stopping the funding of a specific deal could vary greatly, we do not need to disclose the reason or cause and this “denial action” is designed to protect us and the investor. An investor expecting to fund from us should be aware of this potential issue as he will have to find other funds to complete his deal and another funding source may not be readily available which could cause him a substantial loss of a profit.
As a funding source, we have 100% of our funds in jeopardy while the investor has no substantial out-of-pocket funds in danger for the transaction and we have to be constantly concerned about fraudulent sellers, investors, closing agents, and end-buyers. An additional issue is that the transactional funding is delayed on the B to C closing which is no longer a same-day closing. This becomes an “extended” funding which essentially becomes a hard money loan with its requirements that dramatically exceed our transactional funding requirements.
Trust and Respect.
We offer our clients both trust and respect and have an expectation that they will return these professional standards in our transactions. Occasionally, a client will have an expectation that he is doing us a favor using our services and we understand that and agree to an extent. However, if a client is disrespectful to any member of our staff we immediately reserve the right to not complete a transaction or do no further business with that client.
We are accountable to our clients and need that same accountability from our clients to make transactions completed smoothly. We have had investors get ready for closing and all the “parts” were in place and ready to be closed. Suddenly, the investor can’t be contacted and the closing agent doesn’t return calls. Obviously, something has gone wrong and usually, it’s the seller who doesn’t reach closing or the end-buyer defaults, in either case, we expect the investor to contact us, not disappear.
What Is So Special About Us?
Simply put, we have reduced the transactional funding lenders cycle to absolute simplicity including one simple funding fee (one point or 1% of funds needed to close plus a $50 wire fee), no junk fees, one-on-one personal help by phone, funding approval in 24 hours in many cases.
To your limitless success,