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Frequent;y Asked Questions

This FAQ section answers common questions about REI Workplace’s transactional funding, including how double closings work, compliance with state regulations, fee structures, and the benefits of using funding over contract assignments. It also covers membership discounts, funding timelines, and steps to get started. Always review local laws and consult a real estate attorney or title company to ensure compliance before proceeding with any transactions.

REI Workplace Transactional Funding FAQs: Everything You Need to Know

A Guide to Pricing, Compliance, and Transactional Funding Process

REI Workplace connects real estate investors with same-day transactional funding for double closings. This guide covers pricing, funding scope, compliance, and key advantages. While we don’t directly fund deals, members can access third-party funding with discounted rates based on total funded volume. Future hard money loan options are coming soon. Always verify compliance with state laws before proceeding.

REI Workplace

Important Notice on Pricing and Compliance

Pricing & Membership

  • Detailed pricing information and fee structures are available inside the REI Workplace member portal.

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  • Pricing discounts increase for members who achieve higher gross funded volume. The more total funding you leverage, the better your discounted rate becomes.

State Law Responsibility

  • Borrowers are responsible for understanding and complying with local wholesaling and closing regulations.

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  • Always consult with a local real estate attorney or the title company/closing agent in your state to confirm the legality of any transactional funding structure.

Scope of Funding

  • REI Workplace currently provides same-day transactional funding only, covering the purchase price of A-to-B closings in a double closing scenario (where a wholesaler has an end buyer lined up and under contract).

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  • We do not offer loans for earnest money deposits, option fees, or any other expenses outside the scope of double closings.

Future Lending Options

  • We do not yet offer hard money loans for purchasing, but REI Workplace Hard Money Marketplace will be coming soon! Stay tuned in the member portal for updates.

REI Workplace

Final Reminders

Before using REI Workplace for funding, ensure you understand how transactional funding works and comply with your state’s real estate laws. While we connect you with funding sources, we do not directly provide the capital. Detailed pricing and discount structures are available in the member portal, and future lending options, including hard money loans, will be introduced soon.

01

Do Your Due Diligence

You are responsible for understanding your state’s regulations on wholesaling, double closings, and any other related real estate laws.

02

Access Member Portal for Pricing

All detailed pricing and discount information is available once you join as a member.

03

REI Workplace Is a Platform

We do not directly fund your deals but provide a streamlined way to connect with and secure short-term, same-day capital for real estate transactions.

04

Future Lending Options:

Hard money loans for purchasing are not yet offered but will be available through REI Workplace Hard Money Marketplace soon.

**REI Workplace reserves the right to review, approve, or deny applications at our sole discretion. We are committed to maintaining partnerships that align with our values and provide meaningful benefits to our community of real estate entrepreneurs.**

  • Need Further Assistance?
    Check this FAQ first—most questions are covered here. If you still need help, email [info@reiworkplace.com] or call [(XXX) XXX-XXXX]. Provide complete deal details and membership status when reaching out. Thank you for choosing REI Workplace, LLC for your transactional funding needs!
  • How does double closing work with transactional funding?
    Contract with Seller: You secure a purchase contract with the seller. Transactional Funding: A funding source provides the amount needed to close the purchase. Immediate Resale: You close a second transaction with your end buyer. The lender is repaid from the proceeds of this second closing, along with any fees.
  • Who is REI Workplace, LLC, and do they directly fund my deals?
    REI Workplace, LLC is a funding facilitator, not a direct lender. We connect you with our network of third-party affiliates—private lenders or funding companies—who may provide the actual transactional funding. Each affiliate independently underwrites and decides whether to fund your deal.
  • Are these funding requests limited to real estate transactions only?
    Yes. This program is strictly for real estate wholesale transactions. You must have valid purchase agreements for both A-to-B and B-to-C, with a legitimate end-buyer already in place.
  • What is transactional funding?
    Transactional funding is a short-term financing solution commonly used by real estate wholesalers. It facilitates a quick back-to-back closing: you buy a property in an A-to-B transaction and then immediately resell it in a B-to-C transaction. This structure minimizes how long you hold title and avoids tying up your own capital.
  • What is transactional funding?
    Transactional funding (also known as same-day or flash funding) is short-term financing used predominantly in real estate wholesaling. You, as the wholesaler, utilize a specialized lender’s funds for a double closing: Transaction A (A-to-B): Purchasing the property from the seller. Transaction B (B-to-C): Reselling the property to your end buyer—often on the same day.
  • Does REI Workplace directly fund my deals?
    No. REI Workplace is a platform that connects you with transactional funding opportunities. It does not directly provide the funds. Once you have your deals ready, you can apply for funding through our platform, and a third-party funding source may provide the capital if approved.
  • What is the difference between the Membership Plan and Pay-As-You-Go?
    Membership Plan 3-month minimum commitment. Monthly: $200 or Yearly: $1,500. Lower per-deal funding fees; no admin/wire/doc fees. $50 deposit per deal. Pay-As-You-Go No monthly or annual membership fees. Higher per-deal costs (wire, doc prep, admin). $100 deposit per deal.
  • How do I decide which option is best for me?
    If you frequently close wholesale deals, the Membership Plan may save you money on per-deal fees. If you only do occasional deals, Pay-As-You-Go may be more economical since there’s no monthly or annual fee.
  • How quickly can I close using transactional funding?
    In many cases, 1–3 business days after submitting a complete package and getting clear title, but timelines vary by affiliate, deal complexity, and your responsiveness.
  • What should I have in place before submitting a funding request?
    Fully executed A-to-B and B-to-C contracts (all parties have signed). Non-refundable deposit from the B-to-C buyer in escrow. Approved A-to-B settlement statement at least 48 hours before closing. A state-licensed escrow officer or attorney who can handle a double closing. Familiarity with all terms, conditions, and maximum funding limits from REI Workplace and its affiliates.
  • Which documents are typically required for funding approval?
    Requirements can vary, but in general: A-to-B Purchase & Sale Agreement (PSA). B-to-C Purchase & Sale Agreement or assignment. Title/escrow details – must be a state-licensed escrow officer or attorney. Any additional paperwork (property details, ID verification, etc.) as requested by the affiliate.
  • Is a credit check or personal guarantee required?
    Typically, no. Transactional funding focuses on the strength of your A-to-B and B-to-C contracts. However, some affiliates may have additional requirements.
  • What must happen for A-to-B funding to be released?
    Generally, the affiliate requires: A promissory note signed by you (the borrower) at closing. All A-B and B-C title company documents executed. Funds from the B-to-C transaction in place at the title office. The A-to-B settlement statement finalized and approved (48 hours prior).
  • Are deposits refundable if the deal fails or is denied?
    No. Deposits are non-refundable, covering underwriting, administrative setup, and title review. If your deal successfully closes, the deposit is credited toward that transaction’s costs. Deposits aren’t transferable to new deals.
  • What are the typical costs under each option?
    Membership Plan Monthly: $200 or Yearly: $1,500. Per-deal funding fees: • $0–$150,000: $500 • $150,001–$250,000: $1,000 • $250,001–$350,000: $1,500 • $350,001–$450,000: $2,000 • Above $450,000: Case-by-case No wire, doc prep, or admin fees. $50 deposit per deal. Pay-As-You-Go No membership fee. 50 basis points (0.5%) of the funded amount, or $600, whichever is higher. $60 wire fee, $100 doc prep fee, $75 admin fee. $100 deposit per deal.
  • What if I don’t have a confirmed end-buyer or their non-refundable deposit?
    Do not submit your deal. You should only request funding after your end-buyer has signed a valid contract and placed non-refundable earnest money in escrow. Submitting prematurely may result in denial or forfeiture of your deposit.
  • How long must I keep my membership under the Membership Plan?
    There is a 3-month minimum commitment. Canceling earlier triggers either a $500 fee or the difference between membership-discounted fees and standard Pay-As-You-Go fees for all funded deals—whichever is greater.
  • Who can I contact for more information?
    Platform Support: Reach out via the REI Workplace member portal for specific questions related to funding logistics and deal structuring. Legal/Title Guidance: Consult a local attorney or title company to confirm the legality of your transaction in that state.
  • How do I begin using REI Workplace?
    Become a Member: Sign up on our platform to access our member portal. Submit Your Deals: Provide key details (purchase contract, end buyer contract, proof of funds from your buyer, etc.). Coordinate Closing: We’ll coordinate with the funding source and your closing/title company.
  • How does the REI Workplace discount structure work?
    As a member, the more gross volume you finance through REI Workplace, the lower your transaction fees become on future deals. This is not determined by the number of deals you do, but rather by the total dollar amount funded over time.
  • Why base discounts on gross funded volume?
    Basing discounts on total funded volume rewards consistent and higher-value transactions, which helps build trust between you, REI Workplace, and the funding sources. The more you successfully close and repay, the more favorable your pricing gets.
  • How quickly can a deal be funded through REI Workplace?
    Funding timelines depend heavily on: Having all documents (purchase and resale contracts) in order. Title or closing agent readiness. Any underwriting or due diligence requirements from the funding source. Often, deals can fund within days once all requirements are met.
  • How do I find out about fees and costs for my transaction?
    Exact costs, including any flat fees or percentages, are detailed inside the REI Workplace member portal. Fees may vary based on the size and complexity of your deal, among other factors.
  • Do I need my own money to close?
    Typically, you don’t need your own cash for the A-to-B closing if the end buyer’s funds are verified. The transactional funds cover the purchase price and any related closing costs, which are paid back once you close with your end buyer.
  • When might assigning a contract be more convenient?
    When the seller, buyer, and local regulations allow a clean assignment without legal or procedural complications. If the parties involved are comfortable with an assignment fee being disclosed in the closing statement. If your deal is straightforward and your relationship with the seller and buyer is well-established.
  • Why choose transactional funding over contract assignment?
    Privacy of Profit: Your profit isn’t automatically disclosed to the seller or buyer, preventing negotiation issues. Maintaining Control: Unlike an assignment, you retain control of the deal until closing. Greater Credibility: Some buyers and sellers prefer that you briefly own the property. Expanded Buyer Pool: Some lenders or buyers refuse to work with assignments, making double closing more viable.
  • Is transactional funding legal in all states?
    While transactional funding is broadly accepted, specific regulations can vary by state. It’s your responsibility to ensure compliance with state and local laws by consulting a qualified real estate attorney or speaking with the title company that will handle your closing.
  • Who should verify local requirements and laws?
    You, the wholesaler or investor, must do this. Check with local attorneys or title/closing professionals in the deal’s location to confirm that a double closing or wholesaling strategy is permissible and how it must be executed.
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