Double Close Funding in Grand Rapids, MI | Swift Deal Funding
Double Close Funding in Grand Rapids, MI
Grand Rapids is one of the steadier appreciating markets in the Midwest, and a double close is how you protect a healthy spread without exposing it on a settlement statement. 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 West Michigan title company.
The metro’s furniture-industry roots and a growing medical corridor — the Medical Mile downtown — keep demand consistent, while a median sale price around $320,000 leaves room on value-add deals. Wholesalers find inventory in older Creston bungalows, walkable Eastown, and the more affordable Wyoming and Kentwood blocks south of the city. Funded amounts here commonly run $150,000 to $500,000, 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 Grand Rapids
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 Kent County 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; your end buyer funds, you take your spread, and we’re repaid from those proceeds before the file disburses.
One West Michigan wrinkle: tax-foreclosure properties can carry a six-month post-sale redemption context, so confirm the title is clear of any redemption claim — plus same-day disbursement and second-leg sequencing — with your title company 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% | $320K deal = $4,000 |
| $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 or a financing pre-approval
- Same-day closing scheduled on both legs
- A single Grand Rapids-area title company handling both transactions
No credit check, no income docs, no tax returns. A local note: if the property recently came through tax foreclosure, clear the redemption question before closing day.
A typical Grand Rapids double close scenario
A wholesaler ties up a 1920s Creston bungalow at $215,000 and lines up a buy-and-hold end buyer at $268,000. Rather than assign and show the $53,000 spread, the wholesaler books a double close at a Kent County title office that runs investor deals daily. We wire $215,000 by 9 AM. The A-to-B leg funds, the seller is paid, and minutes later the B-to-C closes with the end buyer’s $268,000. We’re repaid $215,000 plus the 1.25% fee ($2,687) from proceeds. The wholesaler nets roughly $50,313 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
Do Grand Rapids title companies handle same-day double closes? +
Yes. Michigan closes through title and escrow companies rather than attorneys, and West Michigan's investor-focused title offices around Kent County run back-to-back A-to-B and B-to-C closings regularly. Use a single title company for both legs — splitting them across two offices breaks the same-day sequencing. When you apply, give us that title contact and we coordinate the 9 AM wire and second-leg disbursement directly. Confirm with the office that they're comfortable funding both legs the same business day.
Does a tax-foreclosure redemption period affect a Grand Rapids double close? +
It can, so check the chain of title first. Michigan's tax-foreclosure inventory carries a six-month post-sale redemption context in some situations, and a property still inside a redemption window can cloud title. Our funding underwrites on your two contracts and the end buyer's proof of funds, not on redemption status, but a clean, redeemable-free title keeps the same-day close on schedule. Confirm redemption timing and title with your Grand Rapids title company before you set the closing date.
Why double close instead of assign on a Grand Rapids deal? +
To keep your spread off the seller's settlement statement. Grand Rapids is an appreciating West Michigan market, and double closing keeps a strong markup private — the A-to-B and B-to-C run as separate transactions at one title company. We wire the A-to-B funds, you resell minutes later, and we're repaid from the B-to-C proceeds before the file disburses. Michigan requires no wholesaler license, but confirm any disclosure language with a Michigan attorney.
Apply for Double Close Funding in Grand Rapids, MI
Submit your application online — same-day decisions for complete files before 2 PM Eastern.