Press Releases from Balanced Bridge Subsidiary Accel. Here is a summary of some recent press releases from Balanced Bridge’s sister company, Accel Real Estate Commission Advance. They talk about the funding Accel can provide to real estate agents and brokers.
Balanced Bridge Funding’s Accel Real Estate Commission Advance Now Providing Funding to Realtors Associated with Bank of America’s Community Affordable Loan Solution
Accel Real Estate Commission Advance is a subsidiary of Balanced Bridge Funding that provides funding to real estate agents and brokers on pending commissions. Accel was restarted after Balanced Bridge moved on from a different entity it created to provide this kind of financing to realtors. Since restarting, Accel has been very active working with residential realtors across the country looking for an advance on their earned commissions.
When Bank of America’s (BOFA) plans for a new program to help raise rates of minority homeownership specifically in black and brown communities were released to the public, it made national news. For black and brown communities, the current housing market has pushed affordability out of their reach and the reach of many viable buyers of homes. The hot housing market has been a boon for sellers but has created several hurdles for buyers. The hopes are for Bank of America’s program to help alleviate some of these issues and create a new pathway for minority homebuyers while acknowledging the discriminatory practices embedded in the real estate sector. The program is only available in certain cities, however, if it is successful there are plans to expand it.
Balanced Bridge Funding’s Accel Real Estate Commission Advance Provides Funding to Real Estate Brokers and Agents Pending Fees
Accel Real Estate Commission Advance is a subsidiary of the Balanced Bridge Funding. The company was restarted after Balanced Bridge closed an entity that it created to provide real commission advances to realtors based in Pennsylvania and Delaware. Accel is able to provide funding to real estate brokers and agents across the country who are facing delayed commissions in their real estate transactions.
“We are very excited at the prospect of providing financing realtors can use across the country,” says Joseph Genovesi, CEO of Balanced Bridge Funding. Through our previous entity, we were restricted from working with realtors outside of our designated area. Now that we have restarted Accel, our plans are to hit the ground running and let real estate agents and brokers across the country know that we can help them should they have delayed commission payments. We can accelerate a portion of their fee today.”
Real estate professionals looking for funding on their pending commissions can apply here.
