Double Close Funding in New York | Swift Deal Funding
Double Close Funding in New York
Double close funding lets a New York wholesaler buy from the seller (A→B) and resell to an end buyer (B→C) the same day, with our capital funding the first leg until the buyer’s money repays it on the second. Swift Deal Funding is a direct lender — we fund the A-B purchase outright, so you keep your spread private instead of revealing it through an assignment. Deals span the state’s enormous price range: six-figure upstate purchases in Buffalo or Rochester through seven-figure downstate and NYC-area transactions, with capacity to $100M+.
How a double close closes in New York
New York is an attorney-closing state and a wet-funding state — a combination that shapes the whole process. Both the A-B and B-C legs are handled by a licensed closing attorney, not a title agent working solo, and funds disburse at the signing table rather than after recording. For a same-day back-to-back, the same attorney should run both transactions to keep the chain tight. We wire our funds to that attorney’s escrow account by 9 AM Eastern on closing day. The A-B closes, the B-C closes immediately after, and the end buyer’s proceeds repay our advance at the table while your spread releases to you. New York’s mansion tax and transfer taxes on downstate deals make a clean closing statement essential, so we recommend confirming with your closing attorney early that they’ll run a same-day double close — many NYC and Long Island firms do, but it’s worth nailing down before you schedule.
Pricing
Tiered flat fee on the funded (A-B) amount, collected on the closing statement — nothing upfront:
| Funded Amount | Fee Rate | Example |
|---|---|---|
| Up to $1,000,000 | 1.25% | $300K deal = $3,750 |
| $1M – $10M | 1.0% | $2.5M deal = $25,000 |
| $10M+ | Custom | Contact us |
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 resale contract
- Verified end buyer with proof of funds or financing pre-approval
- Same-day closing scheduled on both legs
- A single New York closing attorney handling both transactions
No credit pull, no income docs, no tax returns.
A typical New York double close scenario
A Buffalo wholesaler ties up a distressed two-family near the Elmwood Village at $145,000 (A-B) and resells to a landlord investor at $182,000 (B-C). He’d rather not show his $37,000 spread on an assignment. We fund the $145,000 so his closing attorney closes A-B in his name, then closes B-C immediately after; the buyer’s proceeds repay our advance plus the 1.25% fee ($1,812.50) at the table, and the rest is his — same day, no assignment.
Apply
Upload both contracts and your end-buyer’s proof of funds online, then we coordinate the wire to your New York closing attorney’s trust account. Complete files in before 11 AM Eastern can fund same-day.
Frequently Asked Questions
Who closes a double close in New York — title company or attorney? +
New York is an attorney-closing state, so both legs of an A→B→C run through a closing attorney rather than a title agent acting alone. For a same-day double close, that attorney needs to handle both the A-B purchase and the B-C resale so the chain stays clean. We coordinate our wire directly with your closing attorney and recommend confirming early that they're comfortable running a same-day back-to-back close, since not every NY firm does them routinely.
Do New York's high downstate prices affect double close funding amounts? +
They affect deal size, not eligibility. Downstate and NYC-area deals can run well into seven figures, where our 1.0% tier on $1M–$10M applies; upstate Buffalo, Rochester, and Syracuse deals more often land in the six-figure range under the 1.25% tier. We fund up to $100M+ per transaction, so a pricey Westchester or Long Island double close is no obstacle as long as the documents and end buyer check out.
How quickly can you fund a New York double close? +
About 48 hours from a complete file, with same-day possible before 11 AM Eastern when the A-B contract, B-C assignment, end-buyer proof of funds, and title commitment are all in. Because New York closes wet through an attorney, we wire to the closing attorney's escrow by 9 AM Eastern on closing day so funds are in place when the back-to-back signing happens.
Apply for Double Close Funding in New York
Submit your application online — same-day decisions for complete files before 2 PM Eastern.