Traditional Vs Funder One Capital Real Estate Funding Qualification
The real estate industry has come a long way; however things are changing thanks to the tokenization of the sector. Getting funded for your real estate project is becoming easy, fast and cheap. You do not have to go through the traditional lending platforms to have your property project funded.
Funder One Capital, a blockchain based real estate funding platform qualification process is very easy with no hidden charges. All transactions are transparent and the processes are automated using the fool proof Smart Contracts. The ecosystem is the first to develop a decentralized peer-to-peer funding project, the Tokenized Non-Recourse Funding Program (TNRFP) that is 100% crypto backed.
Tokenized Non-Recourse Funding Program
The Tokenized Non-Recourse Funding Program is supported by Smart Contracts and designed to turn illiquid assets into liquid through blockchain. This kind of funding helps you not to enter into debt financing which stretches your funds. In contrast, it increases your real estate investment profits.
With the funding program, it makes it difficult for the financier to pursue your other assets, a case common with the traditional lending institutions like banks. What’s more, your asset is tokenized and its vale is in terms of security tokens, The USUB. The entry into the tokenized economy ushers in a new way of investing. Here is a simple comparison between traditional and tokenized real estate qualification.
Traditional Vs Tokenized Real Estate Funding Qualification
Traditional lenders have kept away millions of would be investors from the real estate. However, with the onboarding simplicity offered by Funder One Capital, The market is set for an influx of investors from across the globe.
Traditionally, before qualifying for funding, your credit score determines whether you are eligible for funding. This means you have to save to afford the costly down payment which also determines the type of property you qualify for. With a tokenized economy, you only need to prequalify, open an Ubet (USUB) wallet and deposit only 10 percent of the property value to be approved.
Tokenized Economy Personalized Service
With traditional real estate, you have to choose your lender before getting the loan approved, hire a real estate agent and set out for property hunting. This tedious process has been automated through Funder One and once you qualify for funding, a dedicated real estate agent personally contacts you. What’s more, the company sends you a letter of approval and proof of funds.
The process is made seamless and all the bottlenecks associated with the traditional funding are done away with. With the peer-to-peer marketplace, your property search is made easier and you do not have to visit the site; everything is done online saving you time and money.
Turning to tokenized real estate qualification not only saves you time and money but keeps your credit rating private. All you need is a digital wallet and 10% of the value of the property you are interested in. So if you are ready to invest in the real estate and your bank is not willing to fund your project, Funder One Capital will gladly help you start investing in real estate with only 10% of the property val