Double Close Funding in Saint Louis, MO | Swift Deal Funding
Double Close Funding in Saint Louis, MO
Double close funding lets St. Louis wholesalers take title on the A-to-B leg and resell to the end buyer on the B-to-C leg the same day, with the spread kept off any assignment. Swift Deal Funding is a direct lender — the capital that closes your purchase comes from us and is repaid from the end buyer’s proceeds the same afternoon.
St. Louis is a brick-and-vacancy market: a city median near $180,000, large amounts of solid masonry stock, and meaningful vacancy across North City, with active rehab demand in Dutchtown and Tower Grove. Many of these deals are won on a quiet double close where neither party sees the other’s number. We routinely fund $120,000 to $400,000 here, with capacity well into eight figures per transaction.
How a Double Close Closes in Saint Louis
Missouri is a title/escrow, wet-funding state, so one St. Louis title company conducts both legs — no closing attorney as in Kentucky or Alabama — and recordable funds must be in escrow before the deeds record, which is why we wire by 9 AM Eastern.
The St. Louis wrinkle is the city’s point-of-sale occupancy permit: many residential transfers require an occupancy inspection, and that can add a step before a property legally changes hands. Coordinate with your closer so any occupancy permit or related escrow holdback is handled before your back-to-back closing. Confirm the city’s current occupancy process locally before you set a date.
Pricing
Tiered flat fee on the funded amount, collected on the settlement statement — no upfront or application costs:
| Funded Amount | Fee |
|---|---|
| Up to $1,000,000 | 1.25% |
| $1,000,000 – $10,000,000 | 1.0% |
| $10,000,000+ | Custom |
A $200,000 STL double close runs $2,500. 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 contract showing the end buyer
- Verified end buyer with proof of funds or financing pre-approval
- Same-day closing scheduled on both legs
- A single Missouri title company handling both transactions
Local note: choose a St. Louis closer familiar with the city occupancy-permit process and comfortable with same-day back-to-back recording. No credit check, no income docs, no tax returns.
A Typical Saint Louis Double Close Scenario
You lock a vacant two-family brick in Dutchtown at $95,000 (A-to-B) and have a BRRRR investor at $138,000 (B-to-C). Rather than assign and expose your $43,000 spread, you double close. We wire $95,000 to your title company by 9 AM; the occupancy permit is cleared in advance, the A-to-B records, the B-to-C records minutes later, and the closer repays our $95,000 plus the 1.25% fee ($1,188) from the buyer’s funds. You net about $41,800 the same day.
Apply
Upload both contracts and end-buyer verification online — under 10 minutes. Submit before 11 AM Eastern for a shot at same-day wiring to your St. Louis title company.
Frequently Asked Questions
Does St. Louis's occupancy inspection affect double close timing? +
It can. The City of St. Louis requires a point-of-sale occupancy permit and inspection on many residential transfers, which can add steps before a property changes hands. Because a double close records two deeds the same day, schedule with your title company so any required occupancy permit or escrow holdback is sorted before closing. Missouri is a title/escrow state, so a single St. Louis closer runs both legs — confirm the city's current occupancy-permit process locally.
How fast can you fund a double close in Saint Louis, MO? +
About 48 hours from a complete file to wire-ready, and same-day when both contracts, a verified end buyer, and a title commitment arrive before 11 AM Eastern. Missouri's fast non-judicial trustee-sale process feeds steady pre-foreclosure and vacant-brick inventory across North City and Dutchtown, so we build for tight closings. Funds reach your St. Louis title company by 9 AM the morning of closing, ahead of back-to-back recording.
Is a wholesaler license required to double close in Saint Louis, MO? +
Missouri has no dedicated wholesaler license, so you do not need special licensing to double close in St. Louis — confirm your structure and any city occupancy requirements with a local attorney. In a true double close you take title on the A-to-B leg and resell on B-to-C, keeping your spread off the assignment. We fund the middle leg and are repaid from the end buyer's proceeds the same day. No credit, income, or tax returns reviewed.
Apply for Double Close Funding in Saint Louis, MO
Submit your application online — same-day decisions for complete files before 2 PM Eastern.