A double closing is a real estate transaction method where two back-to-back property sales occur on the same day, involving three parties: the original seller, the investor (middleman), and the end buyer.

Here's how it works:

First Transaction: The investor agrees to purchase the property from the original seller.

Second Transaction: The investor simultaneously sells the property to the end buyer at a higher price.

During a double closing, the investor typically uses the funds from the end buyer to complete the purchase from the original seller. This allows the investor to profit from the difference in sale prices without needing to use their own funds for an extended period. Double closings are often used in real estate wholesaling and transactional funding, allowing investors to efficiently facilitate deals and earn profits by connecting motivated sellers with interested buyers.

Yes, but we only provide proof of funds for double closes in which case our funds would be used to purchase the property.

To receive proof of funds, follow the steps below:

1. Go to "Submit Funding Request" and walk through the steps to submit a request for a double close.

2. In the notes section, state that the request is being submitted for a POF.

3. Use the PSA that you will be submitting to the agent/seller with all possible info filled out.

4. Attach the A-B PSA as both the A-B and B-C since the form will require both.

A stack method deal otherwise known as a seller carryback occurs when the buyer gets a new loan to purchase the property, and then comes to an agreement with the seller for them to finance the down payment behind the loan.

If your deal matches this structure, we will fund the down payment for the first transaction until it is replaced with the money the seller is willing to finance to you after the purchase as agreed.

Yes fund both commercial and residential.

Yes. We can fund an EMD for an end buyer if you and the seller sign our addendum making the inspection period go through the close of escrow. All details will be sent when your deal is submitted.

While we typically require a 48 hour notice to fund a deal, we have processed funding in as little as 5 minutes. If you have a deal, your best bet is to submit it as soon as possible so we can review it and get the process started.

If an EMD deal does not close, we just have the EMD sent back. Your only cost would be the upfront fee for EMD deals since our transaction coordinators have already worked on the deal for you..

For double closings and seller carrybacks there would be no charge since we don't fund until closing.

We fund in all 50 states.