Duckfund provides fast, collateral-free earnest money deposit (EMD) financing specifically for commercial real estate transactions. This service allows investors and developers to strengthen acquisition offers quickly, often within 48 hours, without tying up working capital. By securing EMD funding, clients can compete more effectively and advance multiple CRE deals simultaneously.
Funding
$100M raised to dateRaised to date based on public sources. This may differ from the amount the company actually raised and is based only on what is publicly available on the internet.
Founders
Product
Problem
Real estate investors often face challenges in securing earnest money deposits, especially for commercial properties, due to lengthy bank approval processes and the need for readily available funds. This can slow down deal closures and limit the number of deals an investor can pursue simultaneously.
Solution
Duckfund provides soft deposit financing, enabling real estate investors to quickly secure earnest money deposits without traditional credit checks. By offering financing solutions with minimal entry requirements, Duckfund expedites the application process and aims to provide guaranteed financing decisions. This allows investors to close deals faster, typically within 48 hours of application approval, and work on multiple deals concurrently, increasing their chances of successful property acquisitions. Duckfund charges a fee only on the soft deposit amount, not on the purchase price.
Target Audience
Duckfund primarily serves real estate investors focused on commercial property acquisitions who require quick access to earnest money deposits.
Features
- Soft deposit financing for commercial real estate acquisitions
- Minimum deposit amount financed: $25,000
- Financing available in most US states (excluding CA, HI, UT, and VT)
- Fast approval process with funding available within 48 hours
- No credit checks required
- Fees charged only on the deposit amount
- Acceptance of multiple applications, allowing investors to work on several deals at once