Double Close Funding in Maryland | Swift Deal Funding
Double Close Funding in Maryland
Double close funding lets a Maryland wholesaler buy from the seller (A-to-B) and resell to the end buyer (B-to-C) the same day, at the same settlement office, on our capital. You take real title on the A side without bringing your own cash — our wire funds it and is repaid from the end buyer’s proceeds minutes later, keeping your spread off the assignment line.
Maryland is one of the deepest wholesale markets on the East Coast. Baltimore drives it, with vast rowhouse rehab inventory, distressed stock, and a mature investor network; the I-95 and DC-suburb corridor — Columbia, Germantown, Silver Spring — adds higher-priced flips. Stronger values here put most double-close deals in the $150,000–$500,000 band, with capacity to $100,000,000+ per transaction.
How a double close closes in Maryland
Maryland uses a title-company-or-attorney model: title companies handle most settlements, but a Maryland attorney is often involved, particularly on knotty Baltimore title and ground-rent properties. We require a single settlement office running both legs the same day.
Two Maryland quirks matter. First, high transfer and recordation taxes apply to both recorded deeds in a double close, so model that cost into your spread. Second, many older Baltimore homes carry a ground rent that title must address on each leg. Maryland is also a wet-funding state — we wire by 9 AM Eastern and confirm receipt before the A leg closes. On wholesaling, Maryland relies on equitable-interest disclosure. Have your settlement office quote both legs’ taxes and confirm ground-rent handling.
Pricing
Tiered flat fee on the funded (A-to-B) amount, collected only at a successful close:
| Funded Amount | Fee |
|---|---|
| Up to $1,000,000 | 1.25% |
| $1M – $10M | 1.0% |
| $10M+ | Custom |
A $300,000 Baltimore double close costs $3,750. Transfer/recordation taxes on both deeds are separate and not part of our fee.
What you’ll need
- Executed A-to-B purchase contract
- Executed B-to-C assignment or purchase contract
- Verified end buyer with proof of funds or pre-approval
- A single Maryland title company or attorney running both legs, same day
- Same-day closing scheduled on both sides
No credit pull, no income docs, no tax returns. Local note: on Baltimore rowhomes, confirm any ground rent and the full two-leg transfer-tax bill before you lock the spread.
A typical Maryland double close scenario
You contract a vacant rowhouse in Baltimore’s Hampden at $185,000 — subject to a small ground rent — and resell to a rehabber at $235,000. To keep the $50,000 spread private, you double close at one title office. We wire $185,000 by 9 AM; the A-to-B records, the B-to-C records right after, the ground rent is handled on both legs, and our principal plus a $2,312.50 fee is repaid from the buyer’s proceeds the same day.
Apply
Send both contracts and end-buyer verification through the online form. Complete files before 11 AM Eastern can fund same-day; standard turnaround is about 48 hours to wire-ready.
Frequently Asked Questions
Who closes a double close in Maryland — attorney or title company? +
Maryland uses both: closings are commonly handled by title companies, but a licensed Maryland attorney is frequently involved, especially on tangled Baltimore title or ground-rent properties. Either way, we require a single settlement office — one title company or attorney — running both the A-to-B and B-to-C legs the same day so funds cycle cleanly. Choose a Baltimore-area settlement office experienced with simultaneous closings and ground-rent redemptions.
How do Maryland's transfer and recordation taxes affect a double close? +
Maryland has some of the country's higher transfer and recordation taxes, and a double close records two deeds — A-to-B and B-to-C — so taxes apply to both transfers, not one assignment. That's a real line item to model into your spread before you commit. Our 1.25% (or 1.0% above $1M) fee is separate and only covers the funding. Have your settlement office quote the full transfer/recordation cost for both legs up front.
Do Baltimore ground rents complicate a double close? +
They can. Many older Baltimore properties carry a ground rent — a separate leasehold interest held by a ground-rent owner. It doesn't prevent a double close, but the title and settlement office must address the ground rent (redeem it or convey subject to it) on both the A-to-B and B-to-C legs. Maryland is a wet-funding state, so we wire by 9 AM Eastern and confirm receipt before either leg closes. Confirm ground-rent handling with your settlement attorney.
Apply for Double Close Funding in Maryland
Submit your application online — same-day decisions for complete files before 2 PM Eastern.