Apply for an Escrow Loan (EMD Funding) for Wholesalers!

 

 

 

 

 

 

 

 

 

Apply for an Escrow Loan (EMD Funding) for Wholesalers!

 

 

 

 

Welcome to the Escrow Loan Application Form for Wholesalers! At ARALC, we understand that securing financing is crucial for wholesalers looking to close deals and facilitate smooth transactions. Our escrow loan service is designed to provide wholesalers with the necessary funds to make competitive offers on properties.

 

 

 

What is an Escrow Loan?


An Escrow Loan, also known as Earnest Money Deposit (EMD) Funding, is a financial solution that allows you to access funds for earnest money deposits when entering into contracts with sellers. This funding helps demonstrate your commitment to closing the deal and can give you a competitive edge in the market.

 

 

 

How It Works:

 

Complete the Application: Fill out the application form below with accurate details about your wholesaling activities and funding requirements.

 

Review Process: Once submitted, our team will carefully review your application to ensure all necessary information is included.

 

Funding Decision: We will contact you within 24-48 business hours regarding your application status and any next steps to proceed.

 

 

 

Why Choose ARALC for Your EMD Funding?

 

Quick Processing: We aim to provide fast decisions, enabling you to secure properties without unnecessary delays.

 

Transparency: Our process is straightforward, with no hidden fees or complicated terms.

 

Expert Guidance: Our dedicated team is here to assist you throughout the funding process, ensuring you have the support you need to succeed.

 

 

 

Thank you for choosing ARALC for your escrow loan needs. We look forward to exploring potential joint venture opportunities and helping you achieve your wholesaling goals!

 

 

 

 

We’re excited to hear that you’re interested in working with us! While we strive to approve as many applications as possible, we do need to ask a few important questions to ensure we're the right fit for each other. Please be sure to provide complete and accurate information.

 

 

 

Once your application is reviewed, we’ll follow up with a phone call to discuss the next steps for any approved applications, including terms and agreements.

 

 

 

Please note that approval of your application does not guarantee the extension of a loan until a written contract has been finalized between you and ARALC.

 

 

 

 

 

 

Full Legal Name *
Business Name (if applicable)
Email Address *
Mailing Address
Mobile Phone Number
Landline Phone Number
Years of Experience as a Wholesaler
Have you worked with other escrow funding companies before? If yes, which ones?
How many transactions have you successfully completed in the past year?
Are you currently involved in any ongoing real estate deals? If yes, please describe.
Do you have a website or portfolio? (Link to online presence for verification)
Property Address (Full address of the property you are wholesaling)
Type of Property (Single-family home, multi-family, commercial, etc.)
How did you find this property?
Current Owner Information (Seller's details)
Do you have a purchase agreement in place for this property? (Yes/No)
If yes, please upload the agreement.

Max file size (Mb): 2

What is the agreed-upon purchase price with the seller?
What is your anticipated assignment fee or profit from the deal?
Have you performed due diligence on the property? (Title search, property inspection, etc.)
If yes, please upload relevant reports.

Max file size (Mb): 2

What is the closing date for this transaction?
Is there a contingency period? (Yes/No)
Are there any liens or encumbrances on the property?
What is the property’s current market value?
What repairs (if any) are required for this property?
Who is the title company or escrow agent handling the closing?
How much EMD (Earnest Money Deposit) are you requesting?
What percentage of the purchase price does this represent?
Do you have any funds available to contribute to the EMD?

How do you intend to repay the loan?

If REPAYMENT option selected is OTHER, please explain.
What is the expected closing timeline?
How long do you need the loan for? (Number of days/weeks until closing)
Are you willing to pay an agreed upon flat fee for this EMD loan?
What or loan terms are you seeking?
Are you willing to offer collateral for this loan? (Property, vehicles, etc.)
If yes, please list the assets available for collateral.
Do you have proof of buyer interest? (Yes/No)
If yes, please upload buyer interest documentation.

Max file size (Mb): 2

Max number of files: 1

What is the buyer’s offer amount for the property?
Have you secured a buyer under contract? (Yes/No)
Who is the end buyer? (Provide details if applicable)
Have you had any past loan defaults or failed transactions?
Do you have any pending lawsuits or liens against you or your business?
Do you have a backup buyer in case the primary buyer backs out?
Are you willing to provide references from previous lenders or business partners? (Yes/No)
Do you have any concerns about the transaction that could affect its closing?
Have you reviewed the terms and conditions of the loan request, and do you understand them?
Do you agree to allow us to pull a background check or financial report as part of the loan process?
Do you have any requirements for minimum loan amounts or specific terms you prefer?
Is there anything else you would like us to know about this transaction?
Would you like to set up follow-up calls to discuss the applications in person?
Best day/s and time/s to call.

How did you hear about us?

 *

Appalachian Realty & Loan Company

 

 

3935 Perkins Madden Rd

Amburgey, KY 41773

 

1-(859)-413-0224

contact@aralc.org

 

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