Middlegate Funding advances real estate commissions before closings

Middlegate Funding LLC is offering to advance real estate brokers and agents up to 90 percent of the commissions they expect to earn on transactions within hours after contracts are signed and before a deal has closed.

The New York City-based firm claims “the lowest rates in the nation” for its services, which it says can help brokerages cope with “peaks and valleys in their cash flow.”

Since launching last summer, the company says it’s provided commission advances in 20 states, and officially launched in New York City on Monday. Source: globnewswire.com.