How can I qualify for financing on an auction deal?

Auctions by Ten-X is now accepting financing contingencies on select deals.

Our team will thoroughly qualify all potential bidders to ensure they have the means to participate in an auction.

Qualifying for financing

To be considered for financing, you will need to provide:

1. Statement of Assets


   These must include the property’s address, value, date of acquisition, and vested title names.

2. Liquid Proof of Funds


   You can manually upload proof of funds or link a bank account with Stripe. We verify all potential bidders’ owned real estate against our top-of-class CRE database.

3. Term Sheets

Common questions about financing contingencies

What is the difference between “Financing Available” and financing contingencies?

Financing Available (FA) allows a preferred lender to offer a term sheet on a particular asset. Buyers using the preferred lending terms are still required to close on the asset as per the PSA.

Financing contingency (FC) is a contingent sale where the buyer of an asset seeks a loan approval after we have vetted them to participate. If the buyer does not qualify for their loan, the contingency is exercised and the buyer is let out of the deal, and the earnest money deposit (EMD) will be returned. It is a true contingency as in a traditional sale.

What kind of deals qualify for financing?

Financing contingencies are currently offered on select deals. Check auction listings for availability and contact the Auctions by Ten-X sales engineer for more information.

What happens if a seller chooses to accept financing contingencies?

We will update the PSA to include a 30-day financing contingency addendum. The addendum will only apply to bidders who were approved for a financing contingency and win the auction.

When should I request a financing contingency?

All requests to be considered for a financing contingency must be submitted to the Auctions by Ten-X sales engineer listed on the property page no later than 5:00 PM PT the Wednesday prior to auction week.

Will my request for a financing contingency be approved?

All requests for financing contingencies are subject to review from Auctions by Ten-X, and may not result in financing contingency approval.