JJ Funds

Short Term Funds For Real Estate Wholesalers & Investors



FUNDING TERM SHEET





funding range



  • PML Only: $1,000 - $1,000,000


FUNDING RANGE



  • PML & PMP: $5,000 - $100,000


timing



  • Deal submitted 2 weeks prior to closing recommended
  • Email chain created within 48 hours to confirm or collect any outstanding information


timing



  • 10 - 15 business days onboarding period required prior to any deal submission


TERMS



  • Up to 7 Months


TERMS



  • Up to 6 Months with Grace Period


FEATURES



  • No points
  • No monthly payments; returns paid at 2nd closing
  • Full funding amount is readily available after 1st closing
  • No hard credit checks however 600+ credit score required
  • ​No upfront / origination fees with exception to Transaction Coordination (TC) fees


FEATURES



Gap Funding Specialization

  • BRRRR
  • Fix & Flip
  • Section 8
  • New Construction
  • Buying a Business


COLLATERALIZATION



  • < 70% LTV (0 - 4 deals)
  • < 80% LTV (5 deals or more)


COLLATERALIZATION



  • 75-80% LTV (DSCR)
  • 40-60% ARV (Wholetail: Strict Underwriting)


securities



  • Funding Partner Added to Home Insurance
  • Deed of Trust / Mortgage
  • Personal Guarantee
  • Promissory Note
  • Lender's Policy
  • Deed in Lieu
  • LLC's


SECURITIES



  • Funding Partner Added to Home Insurance
  • Deed of Trust / Mortgage
  • Personal Guarantee
  • Promissory Note
  • Lender's Policy
  • Deed in Lieu
  • LLC's


structure



  • 1 of 2 Options:
    1. PML listed in 2nd Lien Position
    2. LLC lists both the PML and Investor under the same LLC


STRUCTURE



  • PML listed in 2nd Lien Position




JJ Funds



Short Term Funds For Real Estate Wholesalers & Investors



It goes without saying: Real estate is a people business. I value people who are passionate about building something together. As your dedicated funding partner in real estate, I seek to become a beacon for solutions that light you up towards long-term success



Contact Me



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E jjfunds@emeserree.com

P ‪(307) 203-4677‬

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