Earnest Money Deposit (EMD) - a sum of money that a buyer pays to a seller to show their commitment to purchasing a home.
EMD Rates
30-days
$1.00 - $5,000.00 = $2,000 fee
$5,001 - $15,000 = $3,500 fee
$15,001 - $25,000 = $6,000 fee
$25,001 - $50,000 = $13,000 fee
$50,001 - $75,000 = $21,000 fee
$75,001 - $100,000 = $30,000 fee
$100,001 - $300,000 = Price varies
60-days
$1.00 - $5,000.00 = $4,000 fee
$5,001-$15,000 = $7,000 fee
$15,001-$25,000 = $12,000 fee
$25,001-$50,000 = $26,000 fee
$50,001-$75,000 = $42,000 fee
$75,001-$100,000 = $60,000 fee
$100,001-$300,000 = Price varies
90-days
$1.00 - $5,000.00 = $6,000 fee
$5,001-$15,000 = $10,500 fee
$15,001-$25,000 = $18,000 fee
$25,001-$50,000 = $39,000 fee
$50,001-$75,000 = $63,000 fee
$75,001-$100,000 = $90,000 fee
$100,001-$300,000 = Price varies
Double Close - a wholesaling strategy that involves two separate transactions on a home, often times both transactions are completed on the same day.
Double Close Rates
1.5% for 24-hour transactional loan up to $500,000
1.75% for 24-hour transactional loans between
$500,000-$1,000,000
2% for 24-hour transactional loans between
$1,000,000-$1,500,000
1.5% for every additional day money
is held in escrow.
2.5% fee if there are two separate title
companies involved in the double close
Transactional lending over 1-million will be required to close with our attorney.
Artemis Dynamic Solutions only lends Earnest Money Deposits and funds Double Closes for single-family homes.