Double Close Funding in Flint, MI | Swift Deal Funding
Double Close Funding in Flint, MI
Flint is a high-volume, low-price wholesale market, and a double close is how you protect a spread that’s often large as a percentage even when the dollars are modest. Swift Deal Funding is a direct lender: we wire the cash for your A-to-B purchase so you buy from the seller and immediately resell to your end buyer, both legs closing the same day at one Flint-area title company.
The market here is unusual. Median values sit around $80,000, much of the inventory is distressed, and the city’s water-crisis legacy still shapes buyer perception and lending. The buyer pool leans heavily toward out-of-state cash-flow investors chasing strong rent-to-price ratios in neighborhoods like Carriage Town and the East Side. Those low entry prices produce wide percentage margins on rehab-ready houses. Funded amounts here often run $20,000 to $90,000, though we can fund up to $100,000,000+ on a single transaction. We never pull credit, verify income, or ask for tax returns.
How Double Close Funding closes in Flint
Michigan closes through title and escrow companies, not attorneys, and it’s a wet-funding state — money must be in escrow before the title company disburses. That sequencing is built for a same-day double close:
- You line up one investor-friendly Flint-area title company to run both the A-to-B and B-to-C legs.
- We wire our funds to that office by 9 AM the morning of closing, so cash is in escrow before anyone signs.
- The A-to-B leg funds with our money; the seller is paid and the deed moves to you.
- The B-to-C leg closes minutes later — often with a remote, out-of-state buyer signing a mail-away package; you take your spread, and we’re repaid from those proceeds before the file disburses.
Two Flint wrinkles: distressed and tax-foreclosed properties can carry a six-month post-sale redemption context, so confirm title is clear; and out-of-state buyers need a title office comfortable with mail-away closings. Confirm both before you set the date.
Pricing
Tiered flat fee, collected on the settlement statement only when the deal closes:
| Funded Amount | Fee Rate | Example |
|---|---|---|
| Up to $1,000,000 | 1.25% | $45K deal = $562 |
| $1M – $10M | 1.0% | $2.5M deal = $25,000 |
| $10M+ | Custom | Contact us |
No upfront fees, no application cost. You pay only if the transaction funds and closes.
What you’ll need
- Fully executed A-to-B purchase contract
- Fully executed B-to-C contract or assignment to your end buyer
- Verified end buyer with proof of funds (often an out-of-state cash investor)
- Same-day closing scheduled on both legs
- A single Flint-area title company handling both transactions, comfortable with mail-away closings
No credit check, no income docs, no tax returns. A local note: confirm any tax-foreclosure redemption is cleared before closing day.
A typical Flint double close scenario
A wholesaler ties up a distressed East Side house at $24,000 and lines up an out-of-state cash-flow buyer at $44,000 — an 83% markup that an assignment would put on the seller’s statement. Instead, the wholesaler books a double close at a Flint-area title office that runs mail-away closings. We wire $24,000 by 9 AM. The A-to-B leg funds, the seller is paid, and minutes later the remote buyer’s $44,000 funds the B-to-C. We’re repaid $24,000 plus the 1.25% fee ($300) from proceeds. The wholesaler nets roughly $19,700 and the seller never sees the markup.
Apply
Upload both contracts and your end buyer’s proof of funds through our online form. Standard turnaround is about 48 hours to wire-ready; same-day funding is available for complete files submitted before 11 AM Eastern.
Frequently Asked Questions
Can a double close work on Flint deals priced under $50,000? +
Yes — small ticket size is no barrier. Many Flint wholesale deals are low-dollar distressed houses sold to out-of-state cash-flow investors, and a double close protects your percentage spread even when the numbers are small. Michigan closes through title and escrow companies, so one Flint-area title office runs both the A-to-B and B-to-C legs. We wire the A-to-B funds by 9 AM, you resell minutes later, and we're repaid from the B-to-C proceeds. Confirm same-day disbursement with your title company.
How does a double close handle out-of-state Flint buyers? +
It works well, because the end buyer doesn't need to be local — they need verified proof of funds. Flint's low prices attract out-of-state investors buying for cash flow, and many close remotely with mail-away or e-signature packages through the title company. We underwrite on your two contracts and the buyer's POF, not their location. Line up one Flint title office to coordinate the same-day sequencing for a remote B-to-C buyer, and confirm their mail-away process before you set the date.
Why double close rather than assign on a low-price Flint deal? +
Because the percentage spread can be large relative to the price, and a double close keeps it off the seller's settlement statement. On a $25,000 buy resold at $45,000, an assignment would show that markup; a double close runs the A-to-B and B-to-C as separate transactions at one Flint title company. We wire the A-to-B funds, you resell, and we're repaid from B-to-C proceeds. Michigan requires no wholesaler license, but confirm disclosure language with a Michigan attorney.
Apply for Double Close Funding in Flint, MI
Submit your application online — same-day decisions for complete files before 2 PM Eastern.