Double Close Funding in Oklahoma | Swift Deal Funding
Double Close Funding in Oklahoma
Double close funding lets an Oklahoma wholesaler buy from the seller (A→B) and immediately resell to the end buyer (B→C) on the same day, at the same title company, using our capital for the A→B leg. You never need your own cash in the deal. Funded amounts here usually land between $150,000 and $500,000 — typical of the affordable Oklahoma City and Tulsa inventory that drives most double-close volume — though our single-transaction capacity runs past $10 million.
The reason wholesalers reach for a double close in Oklahoma specifically is the Predatory Real Estate Wholesaler Prevention Act, signed in 2021. Assigning a contract without a license or proper equitable-interest disclosure can put you on the wrong side of that statute. A double close changes the structure entirely: you take actual title at the A→B closing, then sell what you own at the B→C closing. You are a principal, not an assignor. For many Oklahoma operators that is the cleanest way to keep a deal compliant.
How a double close closes in Oklahoma
Oklahoma is a wet-funding state, meaning escrowed funds have to be in place before the deed records. That timing actually works in your favor on a same-day double close. The morning of closing, our wire hits your title company’s escrow by 9 AM Central. The A→B deed records, the seller is paid, and within the same session the B→C deed records and your end buyer’s funds repay our capital plus fee. One escrow officer, one stack of documents, one day. Because closing in Oklahoma runs through a title company rather than a mandated attorney, your title officer is the linchpin — we coordinate the wire, disbursement order, and recovery directly with them.
A practical note for Oklahoma: weather. OKC and Tulsa both sit in tornado alley, and severe-weather delays occasionally push a recording window. We hold funds in escrow until recording completes, so a storm day does not cost you the deal.
Pricing
Tiered flat fee on the funded A→B amount, collected on the closing statement. No upfront or application fees.
| 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
- Executed A→B purchase contract (seller to you)
- Executed B→C assignment or purchase contract (you to end buyer)
- Verified end buyer with proof of funds or a financing pre-approval
- Same-day closing scheduled on both legs
- A single Oklahoma title company or closing attorney handling both transactions
No credit check, no income docs, no tax returns. We are a direct lender — the contracts and end-buyer verification underwrite the deal.
A typical Oklahoma double-close scenario
A Tulsa wholesaler locks a tired rental from a seller at $185,000 and has a fix-and-flip buyer at $215,000. Rather than assign the contract and risk a disclosure misstep under the 2021 Act, they double close. We fund the $185,000 A→B leg; our wire reaches the Tulsa title company by 9 AM. The deed to the wholesaler records, the seller gets paid, then the B→C deed to the flipper records and the buyer’s $215,000 repays our funds plus the 1.25% fee ($2,312.50). The wholesaler walks with roughly $27,700, never having touched their own bank account — and as a titled principal, not an assignor.
Apply
Send us both contracts and your end-buyer verification online — under ten minutes. Standard turnaround is about 48 hours to wire-ready; same-day is possible for complete files in before 11 AM Eastern.
Frequently Asked Questions
How does Oklahoma's Predatory Real Estate Wholesaler Prevention Act affect a double close? +
The 2021 Act requires you to either hold a real estate license or disclose in writing to the seller that you hold an equitable interest and intend to assign or resell. A double close sidesteps the assignment-disclosure question because you actually take title at the A-to-B closing rather than assigning a contract. That said, your purchase agreement and intent must still comply — confirm your exact disclosure obligations with an Oklahoma real estate attorney before you sign.
Is Oklahoma a wet-funding state, and does that change double-close timing? +
Yes. Oklahoma is a wet-funding state, so funds must be in the title company's escrow before documents record. We wire to your Oklahoma title company by 9 AM Central on closing day, which keeps both the A-to-B and B-to-C legs on the same business day. Because money lands before recording, your title officer can disburse to the seller and re-collect from your end buyer in one sitting.
Can you close a double-close transaction at a single Oklahoma title company? +
We require it. Both legs must run through one title company or one closing attorney so the same escrow officer controls the chain of funds and recording order. Oklahoma is a title/escrow state, so a title company typically handles closing rather than a mandated attorney. Send us your title contact at application and we coordinate the wire and disbursement directly with them.
Apply for Double Close Funding in Oklahoma
Submit your application online — same-day decisions for complete files before 2 PM Eastern.