You as an agent can sell your commission to Meridian Advances Inc. for a fee and in turn you receive your money before the house closes.
Less than $1 per day. A small administration fee of $50 applies to the transaction. The fee for periods of less than 10 days will be pro-rated. A small administration fee of $50 applies to the transaction.
Yes, there is a $50 administration fee per transaction.
Up to 70% of the commission due or $20,000 per deal. You can advance on multiple deals with a cumulative total up to $60,000 borrowed. The advance amount must be less than the deposits held.
We offer same day turnaround if application is sent prior to 2pm. Applications sent after 2pm will be processed the following business day.
No.
You will receive your money by EFT transfer.
In the event a property does not close, we will work with you and your office to cover the advance on your next sale. In the event a property closing is delayed, the daily advance fee will be applied to each additional day until the property closes and the funds are collected.
Yes.
Your office pays the advance amount plus the advance fee to Meridian Advances and will forward any remainder of your commission to you.
Yes, as long as the deposits held covers the total loan. You can borrow up to $20,000 per deal.