Mission
At Cole Creative Solutions, our mission is to provide top-notch services to businesses of all sizes. We aim to achieve this by making relationships with our future partners in Real Estate Investing Ventures. We believe in creating long term relationships and partnerships.
We take a data-driven approach to consulting, where we use a full range of lending options for Investors. Our approach is highly customizable to meet the unique needs of each client.
Transactional Lending
EMD - Key Points
● This is not a loan—instead, I joint venture with you and bring EMD to the deal for a fee.
● Time is of the essence. The sooner you reach out for EMD the more likely I can help you. I can’t fund you if you are already more than halfway into your inspection period with no buyer.
● I always use a Transaction Coordinator–the current fee is $800 min.
● I structure our agreement so that I do not lose money even if your deal falls through. Paperwork is required to ensure I get my EMD back.
● Non-refundable deposit ($320 min) covers wires, other fees and the opportunity cost of having my money tied up in your deal. If the deal closes, the deposit goes toward what I am owed. Fee can be wired or sent via Zelle.
● I want to help you, so communication is critical. I will need information from you like the purchase contract in order to underwrite the opportunity. Without necessary information, I cannot fund.
● There will be additional documents needed, like our JV agreement as well as escrow instructions related to repayment of my EMD + fee.
30 days max is the usual timeframe. Longer than this can be discussed or may have additional penalty fees
● Deposit is NON-REFUNDABLE
Double Closing - Transactional Lending
2% for 24 hour transactional loan (minimum return of $2000).
0.2% per day for additional days money is held in escrow.
If there are two separate companies involved in a double close, the fee is 3% Deals over $500k for double close and $100k need to be discussed over
the phone.
Private Money
If you need a private money loan. Please submit your deal to me via email - jenny@colecreativesolutions.com
I have a network of friends who are always looking to fund deals