These disclosures apply to everything on this site and to every transaction we consider. They are part of our Terms of Use.
What transactional funding is
Transactional funding is short-term capital advanced for the A–B leg of a back-to-back (double) closing, repaid from the proceeds of the B–C leg on the same day through the same title company or closing attorney. It is transaction-specific: it is underwritten to the two contracts and the end buyer’s verified funds, and it is not a line of credit, a revolving facility or a long-term loan.
No commitment to fund
Nothing on this site, and no communication with the funding desk before a written funding agreement is signed by Lonsdaleite Capital, is a commitment to fund. Every transaction is subject to underwriting, verification of the parties and the end buyer’s funds, the requirements of the title company or closing attorney on the file, and applicable law. Approval of one transaction is not a promise of approval for another. Timing depends on when a complete file is received and on the closing desk’s calendar, and we cannot guarantee that any transaction will close on a particular date.
Business-purpose transactions
Our funding is available only for business-purpose real estate transactions between commercial parties, such as wholesalers, investors and their end buyers. It is not consumer credit, it is not intended for a property the borrower will occupy as a residence, and it is not offered to consumers for personal, family or household purposes.
Fees
Our fee depends on the transaction. It is quoted and confirmed in writing before you commit, and it is disclosed on the settlement statement for the A–B leg. Third parties on the file, including the title company or closing attorney, charge their own fees, which are not set or controlled by us.
Title companies and closing attorneys
Lonsdaleite Capital is not a title company, escrow agent, settlement agent or law firm, and does not provide title insurance, settlement or legal services. We work with the title company or closing attorney you select for the file. Proof of funds is issued to that office directly, and wire instructions are confirmed with that office through verified channels only. Be alert to wire fraud: confirm any change to wire instructions by a known phone number before sending funds.
Availability
Availability, structure and terms may vary by state and by transaction, and some transactions or jurisdictions may not be eligible. Tell the funding desk the property state when you submit and we will confirm whether we can fund the file.
No professional advice
Content on this site describes our services in general terms and is not legal, tax, accounting, investment or real estate advice. The mechanics and consequences of a double closing, including disclosure obligations to sellers and end buyers, depend on the state and the facts of the transaction. Consult your own attorney and advisers.
Statements on this site
Descriptions of speed, service and process reflect how we aim to work on every file and are not guarantees. Examples are illustrative. Lonsdaleite Capital, the LC mark and the associated design are trademarks of Lonsdaleite Capital. Other names and marks belong to their owners and are used for identification only.
This document is a draft prepared for review by counsel and may be revised before it takes effect.