Double Close Funding in Greensboro, NC | Swift Deal Funding
Double Close Funding in Greensboro, NC
Double close funding lets a Greensboro wholesaler buy from the seller (A→B) and resell to the end buyer (B→C) the same day, through one attorney, without putting your own money into the A-B leg. We fund the purchase and are repaid from the end-buyer’s proceeds when B-C closes.
Greensboro is a value market shaped by its textile and manufacturing legacy — Cone Mills and the Hanes-era industry that built the city. Prices remain notably affordable, with a median around $270K, so this is cash-flow and volume territory rather than high-dollar flips. Wholesale deals move through historic, walkable neighborhoods like Aycock and Glenwood and the surrounding older housing stock. Because deal sizes are smaller, keeping your capital free to chase the next contract is the whole point. Typical Greensboro double closes we fund run $100,000–$350,000, with capacity up to $100M+ per transaction.
How Double Close closes in Greensboro (NC attorney-must-close)
North Carolina is a wet-funding, attorney-closing state: a licensed NC attorney supervises the closing and disburses funds, with money in the trust account before the deed records. For a double close, both the A-B and B-C legs run through the same Greensboro-area closing attorney on the same day. We wire to the trust account by 9 AM Eastern; A-B records first, B-C follows, and our funds are repaid from the end-buyer’s proceeds within the same business day. Confirm same-day disbursement with your specific firm.
Pricing
Tiered flat fee, collected on the closing statement — no upfront or application cost:
| Funded Amount | Fee Rate | Example |
|---|---|---|
| Up to $1,000,000 | 1.25% | $200K deal = $2,500 |
| $1M – $10M | 1.0% | $1.5M deal = $15,000 |
| $10M+ | Custom | Contact for structure |
You pay only if the deal funds and closes.
What you’ll need
- Fully executed A-to-B purchase contract
- Fully executed B-to-C assignment or purchase contract
- Verified end buyer with proof of funds or a financing pre-approval letter
- Same-day closing scheduled for both legs
- A single licensed NC closing attorney handling both transactions (required in North Carolina)
We’re a direct lender: no credit check, no income verification, no tax returns.
A typical Greensboro double close scenario
You contract an older two-bedroom near Glenwood at $150,000 and resell to a buy-and-hold landlord at $182,000 — a tighter spread typical of an affordable market. Floating $150,000 of your own cash on a deal this size eats your reserves, so we fund the A-B purchase into your NC attorney’s trust account. A-B records that morning, B-C records right after at $182,000, our $150,000 is repaid from the buyer’s wire, and our fee at the ≤$1M tier is $1,875 (1.25%). You keep the ~$32,000 spread less costs and your capital stays available.
Apply
Submit both contracts and your end-buyer verification online. Standard turnaround is ~48 hours to wire-ready; same-day is possible for complete files before 11 AM Eastern.
Frequently Asked Questions
Does double close funding make sense on Greensboro's lower-priced deals? +
Yes. Greensboro's affordability (median around $270K) means tighter dollar spreads, so keeping your own capital out of the A-B leg matters even more. Our fee is tiered, so a smaller funded amount costs proportionally less — a $180K funded leg at 1.25% is $2,250. Both legs run through one licensed NC closing attorney the same day; confirm same-day disbursement with the firm.
Why an attorney rather than a title company for a Greensboro double close? +
North Carolina requires a licensed NC attorney to supervise the closing and disburse from the trust account. For a double close that's helpful — one Greensboro-area attorney runs your A-B and B-C legs back-to-back the same day. We fund the A-B purchase into the trust account, and our money is repaid from the end-buyer's proceeds when B-C records.
Is a wholesaler license needed to double close in Greensboro? +
No. North Carolina has no separate wholesaler license requirement to assign or double close a contract; the closing simply must run through a licensed NC attorney. We underwrite the deal documents — both contracts plus a verified end buyer — and never check credit, income, or tax returns on Greensboro deals.
Apply for Double Close Funding in Greensboro, NC
Submit your application online — same-day decisions for complete files before 2 PM Eastern.