Double Close Funding in South Dakota | Swift Deal Funding
Double Close Funding in South Dakota
South Dakota is a small but steady market, and when a wholesale deal lines up in Sioux Falls or Rapid City, a double close lets you keep your spread private rather than exposing it on an assignment. Swift Deal Funding is a direct lender — we fund your A-to-B purchase so you can buy from the seller and resell to your end buyer the same day, coordinated through one South Dakota closing attorney.
Funded amounts on South Dakota deals commonly run $60,000 to $200,000, with capacity up to $100,000,000+ on a single transaction. We never pull credit, verify income, or ask for tax returns — the two contracts and your end buyer’s proof of funds underwrite the deal. With no minimum volume requirement, even an occasional deal is worth funding through us.
How Double Close Funding closes in South Dakota
South Dakota is an attorney-closing state, so a closing attorney — not an escrow-only title company — typically runs the file. That works well for a double close because the attorney directly controls funding order and disbursement. It is also a wet-funding state, so funds must sit in trust before anything disburses:
- One closing attorney handles both the A-to-B and B-to-C legs on the same day.
- We wire the A-to-B funds to the attorney’s trust account by 9 AM, before signing.
- The A-to-B leg funds with our cash and the seller is paid.
- The B-to-C leg closes immediately after; your end buyer’s funds arrive, you collect your spread, and we are repaid from those proceeds.
Because volume is lower here, confirm up front that your attorney handles investor double closes and same-day disbursement before you lock the date.
Pricing
Tiered flat fee, collected on the settlement statement only when the deal closes:
| Funded Amount | Fee Rate | Example |
|---|---|---|
| Up to $1,000,000 | 1.25% | $150K deal = $1,875 |
| $1M – $10M | 1.0% | $2M deal = $20,000 |
| $10M+ | Custom | Contact us |
No upfront fees, no application cost.
What you’ll need
- Fully executed A-to-B purchase contract
- Fully executed B-to-C contract or assignment to your end buyer
- Verified end buyer with proof of funds or financing pre-approval
- Same-day closing scheduled on both legs
- A single South Dakota closing attorney handling both transactions
No credit check, no income docs, no tax returns.
A typical South Dakota double close scenario
A Sioux Falls wholesaler ties up a starter home at $145,000 and lines up a local landlord at $172,000. To keep the $27,000 spread off the seller’s statement, the wholesaler double closes through a Sioux Falls closing attorney. We wire $145,000 to the attorney’s trust account by 9 AM. The A-to-B leg funds, the seller is paid, and the B-to-C leg closes minutes later for $172,000. We are repaid $145,000 plus the 1.25% fee ($1,813) from proceeds. The wholesaler nets roughly $25,190.
Apply
Upload both contracts and your end buyer’s proof of funds online. Standard turnaround is about 48 hours to wire-ready; same-day funding is available for complete files in before 11 AM Eastern.
Frequently Asked Questions
South Dakota is an attorney-closing state — how does that affect a double close? +
South Dakota closings are typically handled by closing attorneys rather than escrow-only title companies, so your A-to-B and B-to-C legs should run through one attorney's office on the same day. That is actually a strength for a double close: the attorney controls the order of funding and disbursement directly. We wire the A-to-B cash to the attorney's trust account ahead of closing, the seller is paid, and we are repaid from the B-to-C proceeds. Confirm the attorney is comfortable handling both legs same-day.
Is there enough deal flow in South Dakota to justify double close funding? +
South Dakota is a smaller, lower-volume market centered on Sioux Falls and Rapid City, so deal flow is thinner than in big metros. But the state has no income tax and steady demand, and when a wholesale deal does come together, a double close keeps your spread off the seller's statement just as it would anywhere. We fund single deals — there is no minimum monthly volume — so an occasional Sioux Falls double close is perfectly worth doing through us.
Does South Dakota's wet-funding rule change my closing timeline? +
South Dakota is a wet-funding state, meaning funds must be in the attorney's trust account before disbursement. We wire by 9 AM the morning of closing, so the money is in place before documents are signed and there is no recording-gap delay. With a complete file, standard turnaround is about 48 hours to wire-ready, and same-day funding is available for documents submitted before 11 AM Eastern.
Apply for Double Close Funding in South Dakota
Submit your application online — same-day decisions for complete files before 2 PM Eastern.