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FAQ & Policies
Real Estate Notes
Simultaneous Closing
Business Notes
Business Accounts Receivable
Purchase Orders
Asset Based Lending
Equipment Leasing
Acquisitions
Retail Installment Contracts
Professionals
Accountants
Attorneys
Financial Planners
Insurance Agencies
Loan Officers
Real Estate Professionals
Structured Settlements
Trusts & Inheritances
Casino & Lottery Winnings
Viatical Settlements
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Frequently Asked Questions
How long will it take to get cash for my transaction?
The span of time for different types of notes differs, but we can give you some guide lines for the different categories. Keep in mind that the answers given here are very general.
With existing real estate notes, allow 2-3 weeks, though it could be less. For simultaneous closings, or table fundings, ie. notes that are funded at or immediately after the sale, allow 3-4 weeks. Simultaneous fundings take some planning.
For business accounts receivable funding, it generally takes 5 business days tothe account and fund the first transaction, then invoices can be faxed in and funds can be in your bank account in 24 hours.
Transactions having to do with insurance companies and medical verifications take the longest - up to 60 days. Every attempt is made to get it done in 30-45 days, however.
When selling a note collateralized by a business, the usual seasoning required is four to six months, though a much quicker funding has been known to take place; sometimes six months is required.
Other types of instruments usually can be transacted within a couple of weeks.
How much will it cost?
Again, every instrument and transaction is different and there can be no one answer to generalize for every type of instrument.
In most cases, there are no upfront fees. There is an exception to that however. In most cases there is an upfront fee an accounts receivable funding for due diligence. Often this is less than the actual cost, so it is merely a pledge of intent. In the case of needing an appraisal for an instrument that you will not be selling, there will be an appraisal fee which will be refunded should you later decide to sell the note. It is not required, but in cases involving real estate, the appraisal should be undertaken by the buyer or seller prior to requesting funding.
Market conditions change, interest rates change, demand for certain types of investments change and all of these might have a bearing on the present value of your note or other instrument. Of course the better constructed the note in the beginning, the more it is worth. The age of the note, the remaining payments, interest rate are all considered.
Naturally, any estimate, appraisal, or quote will require some documentation to be faxed (or mailed) to our office.
Minimum Transaction
- For most transactions there is a minimum of $50,000 face value of the instrument.
Exceptions
- Retail Installments: $2,500 per customer transaction or $25,000 transaction volume per month
- Venture Capital: $5M
Begin The Process
Begin the process by e-mailing Race Point Funding or go to the Contact page and use the inquiry form there. If we can help you, we will ask for more information or let you know what documentation will be needed. A phone call is not neccesary to begin the process. 99% of our business is transacted via e-mail and over the internet. We use fax and phone and Fed-Ex as needed.
 
 
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