Transactional Funding Terms & Conditions

A. Overview

REI Workplace, LLC (“REI Workplace”) facilitates access to transactional funding through its network of third-party affiliates (“Affiliates”). REI Workplace does not directly lend money. Affiliates independently evaluate, approve, or deny all funding requests at their sole discretion.

By using REI Workplace’s membership or funding services, you acknowledge and agree to all terms and conditions set forth in this document.

B. Funding Options (Current Pricing)

1. Premium Transactional Membership Plan

Price: $9.99 per month

Commitment: 12-month minimum

Deposit (Per Deal): $50 non-refundable (credited at closing)

Title Requirement: Closing must be done with one title company only for all sides of the transaction.

Funding Fees

• First transaction of each year: Minimum $600 or 1 point (1% = 0.01) of the funded amount, whichever is higher.
• Flat-rate fees for all succeeding transactions:
  • $0–$100,000 → $500
  • $100,001–$200,000 → $750
  • $200,001–$300,000 → $1,750
  • $300,001–$400,000 → $2,750
  • $400,001–$500,000 → $3,750
  • $500,001+ → Case-by-case

Other Fees (Discounted)

• Processing Fee: $250 (50% discount from standard $500 rate)

Ideal For

• Wholesalers doing multiple deals
• Users who want lower per-transaction costs

Key Benefits

• Lower fees and faster transaction processing
• Reduced processing fee (50% off standard rate)
• Predictable monthly membership cost

2. Pay-As-You-Go Transactional Membership Plan

Price: Free (no monthly fee)

Deposit (Per Deal): $100 non-refundable (credited at closing)

Title Requirement: Closing must be done with one title company only for all sides of the transaction.

Funding Fees

• Minimum $600 or 1 point (1% = 0.01) of the funded amount, whichever is higher (applied to each transaction).

Other Fees

• Processing Fee: $500

Ideal For

• Occasional closers
• Pay-per-deal users
• Those who prefer no recurring membership cost

Key Benefits

• Only pay when you close
• No membership commitment
• Flexible if you do fewer deals

C. Premium Membership Plan – Key Terms

1. 12-Month Minimum Commitment

• You agree to maintain your Premium Transactional Membership for at least twelve (12) consecutive months from the date of your first monthly payment.
• If you cancel before the 12-month period ends, you remain obligated to pay all remaining monthly membership fees for the full 12-month term.
• All cancellation requests must be submitted in writing via email to [email protected].

2. Non-Transferable Membership

• Membership applies only to the individual or entity listed on the membership account.
• If the signing borrower on a specific transaction is different from the membership account holder, that transaction may be subject to Pay-As-You-Go pricing.

3. Missed or Late Payments

• Monthly membership fees must be paid on time to remain in good standing.
• If your account is past due, REI Workplace and/or its Affiliates may:
  • Refuse to initiate or complete new or pending fundings;
  • Revert your pricing to Pay-As-You-Go until your account is current; and/or
  • Assess additional charges, interest, or late fees where permitted by law.

4. No Coaching or Mentorship

• Membership fees cover discounted funding costs only.
• They do not include coaching, mentorship, or advisory services.

5. Credit Card Convenience Fee

• If you pay any membership or funding-related fees by credit card, you agree that a credit card convenience fee may be added to each transaction.
• You are solely responsible for paying any such convenience fees.

6. Fee Adjustments and Notice

• REI Workplace reserves the right to adjust membership pricing in the future.
• If fees change, you will receive at least thirty (30) days’ notice before the new rate takes effect.
• If you do not agree to a new rate and have already satisfied your initial 12-month commitment, you may cancel in accordance with the cancellation procedures described in these Terms.

7. Membership Termination

REI Workplace may terminate your membership at any time, with or without prior notice, if you:

• Fail to comply with these Terms & Conditions or any related policy;
• Engage in fraudulent, deceptive, or unlawful conduct connected to any funding request;
• Provide incomplete, false, or misleading information to REI Workplace or any Affiliate;
• Repeatedly miss payments or misuse membership privileges;
• Publicly post or publish negative, disparaging, or false statements (including social media) about REI Workplace, 7 Bridge Funding, LLC, or their officers, employees, or Affiliates; or
• Otherwise act in a way deemed harmful or disruptive to REI Workplace’s business or its Affiliates.

No refunds are issued for membership fees, deposits, or other charges if your membership is terminated for any of the above reasons.

8. Default and Legal Remedies

• Failure to complete the 12-month minimum commitment or refusal to pay owed membership fees is a material breach of this Agreement.
• REI Workplace may pursue all lawful remedies, including:
  • Collection of unpaid membership fees for the remainder of the 12-month term;
  • Recovery of reasonable attorney’s fees, court costs, and collection expenses;
  • Assessment of interest and late charges on unpaid balances at the maximum rate permitted by law.

9. Jurisdiction and Venue

• You consent to personal jurisdiction in Tarrant County, Texas.
• Any dispute arising from these Terms & Conditions shall be brought exclusively in the state or federal courts located in Tarrant County, Texas.
• You waive any objection regarding venue or forum non conveniens.

10. Automatic Renewal and Cancellation After 12 Months

• After your initial 12-month term, your membership converts to a month-to-month plan.
• You must provide at least thirty (30) days’ written notice of cancellation by emailing [email protected].
• No refunds will be issued for charges already processed.

D. Role of REI Workplace and Affiliates

• REI Workplace acts as an umbrella organization providing access to funding through its network of Affiliates.
• Affiliates independently review, underwrite, and approve or deny funding requests.
• Submitting an application or paying a membership fee does not guarantee funding approval.
• REI Workplace may have a financial interest in successfully closed transactions.
• Affiliates may require further documentation or direct contact with the title company to verify legitimacy.

E. Funding Process and Operational Requirements

1. Double-Closing Requirement

• Transactional funding is generally used for double closings and may require evidence of an A-to-B and B-to-C transaction structure.

2. One Title Company Requirement

• All closings funded under these programs must be handled by a single, legitimate, licensed title company or closing agent.
• Using multiple title companies is not permitted.

3. Documentation and Disclosures

• Borrowers must timely provide all required documents, which may include:
  • Purchase contracts;
  • Assignment agreements (if applicable);
  • Closing statements;
  • End-buyer proof of funds or lender information.
• Failure to provide requested documentation may delay or cancel funding.

4. Timing of Funding Wires

• Affiliates endeavor to wire funds promptly, but wires are only processed on business days during standard banking hours.
• Borrowers are responsible for scheduling closings early enough to accommodate bank wire cutoffs.

5. No Blind Funding

• Affiliates will generally not fund any transaction without adequate verification of:
  • The title company or closing agent;
  • The full transaction structure;
  • The readiness and capability of the end buyer.

6. Back-End Buyer Requirements

• Borrowers must demonstrate that the B-to-C buyer is legitimate and financially capable.
• If the end-buyer’s funding cannot be verified, the Affiliate may decline or postpone the transaction.

7. Non-Refundable Deposits

• Deposits of $50 (Premium Membership) or $100 (Pay-As-You-Go) are non-refundable once due diligence, underwriting, or document review has begun, even if the transaction does not close.

8. Post-Approval Changes Fee

• Any change made after the Affiliate has submitted final numbers to the title company (including purchase price, fees, or closing date changes) may incur a $150 fee per change.
• Substantial changes may require re-underwriting and could delay or jeopardize closing.

9. 48-Hour Approval Requirement

• All terms for the A-to-B transaction must be finalized and approved at least 48 hours before the scheduled closing.
• Failure to meet this requirement may result in delays or additional fees.

10. Required Signatures Before Wire

• Buyer funds and all closing documents for both A-B and B-C (including promissory notes and other loan documents) must be signed prior to wire initiation.
• Borrowers are responsible for ensuring all parties sign promptly.

11. Scheduling Closings

• Morning closings are strongly recommended to increase the likelihood of same-day funding.
• Late-afternoon closings risk falling after bank wire cutoffs, which can delay completion.

12. Fridays, Mondays, and Bank Delays

• Fridays and Mondays can be more prone to delays due to bank volume and timing.
• If funds are not returned within the agreed timeframe, additional fees may apply, including per diem interest or re-wiring fees.

13. Rescheduling and Cancellations

• If a closing is rescheduled or cancelled, you must immediately notify both REI Workplace and the Affiliate.
• Failure to provide timely notice may result in cancellation of funding, forfeiture of deposits, and potential refusal of future funding requests.

14. Borrower’s Duty to Verify Third Parties

• The borrower is solely responsible for verifying the legitimacy and performance of all third parties involved, including buyers, sellers, title companies, attorneys, and other intermediaries.
• REI Workplace and its Affiliates are not liable for any fraud, misrepresentation, or non-performance by third parties.

F. Additional FAQ-Based Terms

• Funding outside my state: Funding is generally available in most states that allow double closings with a licensed title company or closing agent, subject to Affiliate requirements.
• If the B-to-C buyer fails to close: Transactional funding may not proceed, and any fees or deposits paid remain your responsibility.
• Number of deals per month: There is typically no fixed cap, but each transaction is subject to individual underwriting and approval.
• Using my own title company: You may propose your own licensed title company, provided it meets Affiliate requirements. However, all sides of the transaction must close with one title company only.
• Last-minute closing date changes: May incur the $150 Post-Approval Change Fee and could delay funding.

G. Disclaimers and Limitation of Liability

• Right of Refusal: REI Workplace and its Affiliates reserve the right to deny, withdraw, or modify any funding request at their sole discretion.
• No Liability for Funding Denial: REI Workplace and its Affiliates are not liable for any loss, damages, or missed opportunities resulting from funding denials or delays.
• No Warranty / Not an Offer of Credit: All rates, examples, and terms are for informational purposes only and do not constitute a binding offer of credit.
• Limitation of Damages: In no event shall REI Workplace or its Affiliates be liable for indirect, incidental, special, or consequential damages, including but not limited to lost profits or opportunities, arising out of funding decisions or closing delays.
• Indemnification: You agree to indemnify and hold harmless REI Workplace, 7 Bridge Funding, LLC, and their Affiliates from any claims, losses, damages, or expenses arising from third-party disputes, including those involving title companies, buyers, sellers, or other intermediaries.
• Severability: If any part of these Terms & Conditions is found invalid or unenforceable, the remaining provisions shall remain in full force and effect.

H. Acceptance of Terms

By enrolling in a Premium Transactional Membership Plan or using the Pay-As-You-Go option to request transactional funding through REI Workplace, LLC, you:

• Confirm that you have read, understood, and agree to all terms and conditions herein;
• Acknowledge that funding is not guaranteed and is subject to Affiliate underwriting and approval;
• Agree that these terms are reasonable and fair; and
• Waive any legal claims against REI Workplace, LLC and its Affiliates relating to funding denials, delays, or failures to close.

Contact & Support

If you have questions regarding these Terms & Conditions or need assistance, please contact us:

• Email: [email protected]
• Phone: +1 (817) 440-7032

Thank you for choosing REI Workplace, LLC for your transactional funding needs.