Commercial Escrow and Project Financing
Commercial Escrows For Project Financing –
This article describes business escrow, a system in which a third party (an escrow agent) holds funds to ensure that parties to a transaction fulfill their obligations. When all terms of a transaction have been satisfied, the escrow service will release the funds to the appropriate party. In addition to releasing funds, they also return funds in the event that the transaction fails.
Business escrow is just one of the services that we offer to clients throughout California. When an online escrow provider is required, a request for opening of an escrow account is made. This account holds the funds until certain conditions, such as an approved pay application or notification to the title company, have been met.
We have many years of experience opening and managing escrow accounts for both buyers and sellers. We are one of the few companies that offer special and unique escrow accounts, as most escrow companies only open escrow accounts for Real Estate transactions.
Safeguard Your Funds With Secured Trust Escrow
As with most escrow accounts, a business is utilized to safeguard funds for major investments and to protect all parties. These accounts are typically held by a third party, such as a bank, which acts as a custodian. Numerous individual funds, infrastructure funds, and purchase prices can make use of the services of business escrow accounts.
The third party account provides security for both buyer and seller. The transfer of funds from one business account to another is governed by an escrow agreement that specifies the responsibilities of both parties which makes the transaction secure.
To get started with a business account, contact us today and let us know what you’re looking for, and if you’re the buyer or the seller. We’ll let you know how we can help you and explain the entire process if it’s your first time using a business escrow. Contact us here.