Double Close Funding in New Jersey | Swift Deal Funding
Double close funding in New Jersey
Double close funding lets a New Jersey wholesaler buy from the seller (A→B) and resell to the end buyer (B→C) on the same day through one closing attorney, without committing your own capital to the middle leg. As a direct lender, Swift Deal Funding wires the cash for your A-to-B purchase and is repaid from the end buyer’s proceeds when B-to-C closes hours later.
New Jersey is a dense, high-value market shaped by NYC-metro demand. Wholesale flow concentrates in Newark, Jersey City, Paterson, and Elizabeth in the north, with strong activity around Camden and Trenton further south. Entry prices push most flips into specific submarkets, and the state’s roughly 9.29 million residents keep end-buyer demand deep. Funded amounts here typically run $100,000–$350,000.
How a double close closes in New Jersey
Two state features drive the mechanics. New Jersey is an attorney-state, so a closing attorney conducts both legs (often with a title company on the policy) — we require the same attorney on A-to-B and B-to-C. It is also a wet-funding state, so the attorney can disburse on the A leg once documents are signed and funds are in trust, without waiting for recording.
The wrinkle is the three-business-day attorney-review period triggered by the standard Realtor/Bar contract form. Either attorney can disapprove or change the contract in that window, so schedule the same-day close only after review has cleared on both legs. New Jersey has no wholesaler-licensing law; disclose your equitable interest as standard practice and confirm marketing/disclosure specifics with your New Jersey attorney.
Pricing
Tiered flat fee on the funded amount, collected on the closing statement — nothing upfront:
| Funded amount | Fee |
|---|---|
| Up to $1,000,000 | 1.25% |
| $1M – $10M | 1.0% |
| $10M+ | Custom |
You pay only if the deal funds and closes.
What you’ll need
- Executed A-to-B purchase contract (attorney review cleared)
- Executed B-to-C assignment or purchase contract
- A verified end buyer with proof of funds or financing pre-approval
- A same-day closing scheduled on both legs
- A single New Jersey closing attorney handling both transactions
New Jersey note: build the attorney-review window into your timeline before scheduling the close. No credit, income, or tax returns.
A typical New Jersey double close scenario
A wholesaler ties up a Jersey City two-family at $310,000 (A→B) with a verified investor buyer under contract at $352,000 (B→C), both contracts past attorney review. We wire $310,000 to the closing attorney by 9 AM. Because New Jersey is wet-funding, the attorney disburses the A leg immediately, closes the B leg the same day, and repays us from the buyer’s $352,000. On a ≤$1M deal the fee is 1.25% of $310,000 — about $3,875 — and the wholesaler keeps the spread after costs.
Apply
Submit both contracts and your end-buyer verification online; standard turnaround is about 48 hours to wire-ready, or same-day for complete files in before 11 AM Eastern.
Frequently Asked Questions
How does New Jersey's attorney-review period affect a double close? +
New Jersey contracts prepared on the standard Realtor/Bar form trigger a three-business-day attorney-review period during which either side's attorney can disapprove or modify the contract. That window can affect your A-to-B and B-to-C timelines, so a same-day double close should be scheduled after attorney review has cleared on both legs. We coordinate funding around firm, post-review contracts; confirm the review status with your New Jersey closing attorney before setting the closing date.
Who closes a double close in New Jersey? +
New Jersey is an attorney-state, so closings are typically conducted by a closing attorney, often with a title company issuing the policy. For an A→B→C same-day double close we require the same attorney to handle both legs. New Jersey is also a wet-funding state, so once documents are signed and funds are in trust the attorney can disburse on the A leg without waiting for recording. Confirm your attorney runs same-day back-to-back closes.
Is wholesaling legal in New Jersey when I double close? +
New Jersey does not have a wholesaler-licensing statute like Pennsylvania or Illinois, so the standard rule applies: disclose your equitable interest and your intent to assign or resell. A double close keeps the transactions separate — you take title on A-to-B before reselling on B-to-C — which many investors prefer in dense NYC-metro submarkets. Confirm any disclosure or marketing specifics with a New Jersey attorney, since the state regulates how unlicensed parties advertise property.
Apply for Double Close Funding in New Jersey
Submit your application online — same-day decisions for complete files before 2 PM Eastern.