Double Close Funding in New Orleans, LA | Swift Deal Funding
Double Close Funding in New Orleans, LA
Double close funding lets a New Orleans wholesaler complete a true A→B→C transaction — buy from the seller and resell to the end buyer the same day, without parking your own cash in the middle. Swift Deal Funding is a direct lender: we fund the A→B purchase, the B→C resale closes immediately after, and our money repays from the end-buyer’s proceeds.
New Orleans rewards wholesalers who understand its quirks. The shotgun and Creole cottages of Bywater, the bungalows of Mid-City, and the family-held homes of Gentilly and the Lower Ninth all trade actively, with a citywide median near $330,000. Katrina-era flood history and complicated ownership chains keep prices uneven block to block — exactly the inefficiency a fast double close is built to capture.
How a Double Close Closes in New Orleans
This is where New Orleans is genuinely different. Louisiana is a civil-law state, so closings aren’t ordinary title settlements — each is an act of sale passed before a notary. For a double close, one New Orleans notary or title company passes both the A→B and B→C acts the same day, records the buyer’s act in the parish (Louisiana has parishes, not counties), and updates the Recorder of Mortgages. We wire to that closer by 9 AM, and our funds repay from the end-buyer proceeds.
The recurring obstacle is title, not funding. Succession-tangled titles — heirs who never formally inherited — are common in older neighborhoods and must be cleared by your notary before any act can pass. Resolve those early and the closing moves on schedule. Confirm the specifics with your New Orleans notary.
Pricing
Tiered flat fee on the funded amount, collected on the closing statement:
| Funded amount | Fee |
|---|---|
| Up to $1,000,000 | 1.25% |
| $1,000,000 – $10,000,000 | 1.0% |
| $10,000,000+ | Custom |
Nothing upfront — you pay only if the deal funds and closes.
What You’ll Need
- Executed A→B purchase contract
- Executed B→C assignment or purchase contract
- Verified end buyer with proof of funds or financing approval
- Same-day closing scheduled for both acts of sale
- A single New Orleans notary or title company passing both legs
No credit pull, no income docs, no tax returns. Local note: clear any succession issues and confirm flood/title status before the act of sale is scheduled.
A Typical New Orleans Double Close Scenario
You tie up a Bywater shotgun with cleared succession at $245,000 (A→B) and have a rehab buyer at $282,000 (B→C). One New Orleans notary passes both acts of sale Thursday morning. We wire $245,000 by 9 AM; the A→B act passes, the B→C act passes behind it and records in the parish, and the $282,000 end-buyer proceeds repay our funding plus the 1.25% fee ($3,062.50). Your net before closing costs is roughly $33,900 — with no capital exposed.
Apply
Send both contracts and end-buyer verification through the online application. About 48 hours to wire-ready, same-day for clean files before 11 AM Eastern.
Frequently Asked Questions
How does a double close work with Louisiana's notary act of sale? +
Louisiana runs on civil law, so each closing is an 'act of sale' passed before a notary rather than a conventional title-company settlement. For a double close we require both the A-to-B and B-to-C acts of sale handled by one New Orleans notary or title company on the same day, with the buyer's act recorded in the parish and the Recorder of Mortgages updated accordingly. We wire to that closer by 9 AM; confirm the recording sequence with your notary.
What about succession-tangled titles in New Orleans? +
Many older New Orleans properties carry title clouded by incomplete successions — heirs who never formally inherited, especially common in family-held homes across Gentilly and the Lower Ninth. That's a title problem your notary must clear before the act of sale can pass, and it's the single most common reason a New Orleans double close slips. We fund clean, recordable deals; have your notary confirm the succession is resolved before you schedule the same-day closing.
How fast can you fund a New Orleans double close? +
About 48 hours from a complete file, and same-day for clean packages before 11 AM Eastern. We need both acts of sale lined up, a verified end buyer with proof of funds, and one New Orleans notary or title company passing both legs on the same date. Wires reach the closer by 9 AM. The variable in New Orleans is usually title clearance, not our funding speed — so resolve any succession or flood-related title issues early.
Apply for Double Close Funding in New Orleans, LA
Submit your application online — same-day decisions for complete files before 2 PM Eastern.