Double Close Funding in Philadelphia, PA | Swift Deal Funding
Double Close Funding in Philadelphia, PA
A double close lets a Philadelphia wholesaler buy from the seller (A-to-B) and resell to the end buyer (B-to-C) on the same day, through one settlement agent, without ever showing your buyer the spread. Swift Deal Funding is a direct lender that wires the A-to-C capital so both legs fund cleanly. In Philadelphia’s rowhome market — median sale prices hover around $275,000 — that often means funding mid-five-figure to low-six-figure purchases on blocks in Kensington, Fishtown, and West Philadelphia, though our capacity runs to $10M+ on larger deals.
No credit pull, no income docs, no tax returns. The executed contracts and a clean title are what we underwrite.
How Double Close closes in Philadelphia
Pennsylvania is a wet-funding state, so money has to be in escrow before closing — we wire to your settlement agent by 9 AM Eastern on closing day. Closings run through either a title company or a closing attorney, and the double close requires a single one of them handling both legs.
The Philadelphia wrinkle is regulatory: under the city’s Chapter 9-5200, residential wholesalers need a Residential Property Wholesaler license (roughly $200, renewed yearly) and must give the seller a written disclosure at least three days before assigning, and Pennsylvania has separately moved to license wholesaling activity statewide. That’s a compliance obligation on you, not on our capital — but it shapes your timeline, so square it away before you contract. The other local reality is title: estate properties, back-tax accounts, and prior sheriff-sale chains are common here and can stall disbursement. Open the title commitment early. Standard turnaround is about 48 hours from a complete file; same-day is possible before 11 AM ET. Confirm all specifics with a local Pennsylvania closing professional.
Pricing
Tiered flat fee on the funded amount, collected on the settlement sheet — nothing upfront:
| Funded Amount | Fee Rate |
|---|---|
| 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
- Executed B-to-C assignment or purchase contract
- Verified end buyer with proof of funds or financing
- Same-day closing scheduled for both legs
- A single Pennsylvania title company or closing attorney handling both legs
Philadelphia note: have your wholesaler-license status and seller disclosure handled, and ask the title company to confirm the chain is clear of municipal liens and delinquent taxes.
A typical Philadelphia double close scenario
You tie up a Kensington rowhome at $185,000 (A-to-B) and have an end buyer at $215,000 (B-to-C). Same-day settlement at one Center City title company. We wire the $185,000 needed for the A leg by 9 AM. The B-to-C closes minutes later; the title company repays our $185,000 from the end buyer’s proceeds and remits our 1.25% fee ($2,312.50) off the settlement statement. Your spread before costs is about $30,000 — and your end buyer never sees the A-side price.
Apply
Send your two contracts and end-buyer verification through the online application. Most files are wire-ready in about 48 hours; submit before 11 AM ET for same-day consideration.
Frequently Asked Questions
Does Philadelphia's wholesaler license rule affect a double close? +
It affects you, not us. Philadelphia's Chapter 9-5200 requires a Residential Property Wholesaler license (about $200, renewed annually) plus a written disclosure to the seller at least three days before assignment, and Pennsylvania has tightened statewide rules as well. Swift Deal Funding supplies the A-to-C capital for your same-day double close; licensing and disclosure compliance are your responsibility. Confirm your standing with the city and a Pennsylvania closing professional before you contract.
How does a back-tax or sheriff-sale Philly title affect double close timing? +
Many Philadelphia rowhome deals carry liens, delinquent property taxes, or tangled estate titles, especially in Kensington and West Philly. We fund A-to-C in about 48 hours once your file is complete, but the title company has to clear those clouds before it can disburse. Get the title commitment open early. We wire to the single PA title company or attorney by 9 AM the morning of closing so the A-to-B and B-to-C legs run back to back.
Can one Philadelphia title company handle both legs of the double close? +
Yes, and it must. Pennsylvania is a wet-funding state where closings run through a title company or a closing attorney, and our double close requires one settlement agent handling both the A-to-B and B-to-C legs on the same day. That keeps the chain clean and lets our funds repay from end-buyer proceeds at the same table. Confirm the agent is comfortable double-closing under Pennsylvania conventions before you schedule.
Apply for Double Close Funding in Philadelphia, PA
Submit your application online — same-day decisions for complete files before 2 PM Eastern.