Double Close Funding in Memphis, TN | Swift Deal Funding
Double Close Funding in Memphis, TN
Double close funding covers the classic A→B→C wholesale flip: you buy from the seller (A→B) and resell to your end buyer (B→C) on the same day, through a single Tennessee title company, with our capital funding the gap so your buyer’s price never reveals your acquisition cost. In Memphis that buyer is frequently out of state. The city is one of the top turnkey and wholesale markets in the country — cash-flowing single-family inventory in the $160K–$210K range pulls steady demand from California, New York, and overseas investors who buy by the portfolio. Double close funding lets you sell to them cleanly while protecting your spread.
How a double close works in Memphis
Memphis sits in Tennessee, a wet-funding title/escrow state. There is no statutory attorney-closing requirement, so a licensed title company can close both legs. Memphis is notable for having many attorney-owned title companies — that ownership doesn’t change the mechanics, but it means you should confirm the office can run the A-to-B and B-to-C sides back-to-back the same business day. We wire to the closing agent by 9 AM Eastern; A-to-B closes, B-to-C closes immediately after, and our funds are repaid from your end buyer’s proceeds — usually inside one business day. Always confirm same-day double-close handling with your title office locally.
Pricing
Tiered flat fee on the funded (A-to-B) amount, collected on the closing statement — no upfront cost:
| Funded Amount | Fee |
|---|---|
| Up to $1,000,000 | 1.25% |
| $1M – $10M | 1.0% |
| $10M+ | Custom |
A $185,000 Memphis acquisition funded at 1.25% costs $2,313, paid only when the deal closes.
What you’ll need
- Fully executed A-to-B purchase contract
- Fully executed B-to-C contract or assignment
- Verified end buyer with proof of funds or financing pre-approval
- Same-day closing scheduled on both legs
- A single Memphis title company handling both transactions
No credit check, no income docs, no tax returns. Memphis tip: because so many end buyers are out-of-state cash investors, get their POF early — it’s the one item that most often holds up a same-day B-to-C close.
A typical Memphis double close scenario
You contract a 3-bed in Whitehaven at $145,000 and resell to an Arizona buy-and-hold investor at $172,000. We fund the $145,000 A-to-B leg at 9 AM; the attorney-owned title company closes A-to-B, then B-to-C, and disburses. Our $145,000 plus the 1.25% fee ($1,813) comes back from the Arizona buyer’s funds, and your $25,187 spread lands the same day — with no income tax owed at the state level in Tennessee.
Apply
Submit both contracts and your end-buyer’s proof of funds online. ~48-hour standard turnaround; same-day for complete files before 11 AM Eastern.
Frequently Asked Questions
Can you double close a Memphis turnkey rental sold to an out-of-state buyer? +
Yes — this is one of our most common Memphis structures. You lock up a Frayser or Whitehaven property, your end buyer is an out-of-state investor (often California, New York, or overseas) buying for cash flow, and we fund the A-to-B leg so both transactions close the same day at one Tennessee title company. Out-of-state buyers and their lenders never touch your acquisition price. We only need both contracts and end-buyer proof of funds.
Do Memphis double closings need an attorney? +
Tennessee is a title/escrow state with no attorney-closing mandate, so a licensed Memphis title company can run both legs. That said, Memphis is unusual in that many local title companies are attorney-owned — which works perfectly for a double close as long as one office handles both the A-to-B and B-to-C sides on the same day. We fund the same way regardless. Confirm same-day-close capacity with your specific title office before you schedule.
How fast can you fund a Memphis double close before a quick assignment deadline? +
Standard turnaround is about 48 hours from a complete file to wire-ready. For tight deadlines common in the Memphis turnkey market, same-day funding is possible when your application arrives before 11 AM Eastern with both contracts, end-buyer proof of funds, and the title commitment in hand. We wire to the closing agent by 9 AM Eastern on closing day so the A leg never waits on the B buyer's money.
Apply for Double Close Funding in Memphis, TN
Submit your application online — same-day decisions for complete files before 2 PM Eastern.