Double Close Funding in Spokane, WA | Swift Deal Funding
Double Close Funding in Spokane, WA
Spokane is the value play of eastern Washington, and its affordability is exactly what makes it a steady wholesale market. A double close lets you protect your spread without exposing it on a settlement statement. Swift Deal Funding is a direct lender: we wire the cash for your A-to-B purchase so you buy from the seller and immediately resell to your end buyer, both legs closing the same day through one Spokane escrow office.
With a median around $400,000 — the lowest among Washington’s major metros — Spokane keeps pulling priced-out Seattle and California migrants east, sustaining demand on value-add homes in West Central, Hillyard, and East Central. Nearly every Spokane double close funds under $1,000,000 and sits in our 1.25% tier. Funded amounts here commonly run $250,000 to $500,000, though we can fund up to $100,000,000+ on a single transaction. We never pull credit, verify income, or ask for tax returns.
How Double Close Funding closes in Spokane
Washington is a dry-funding escrow state, and that sequencing defines a same-day double close. Funds disburse only after recording with the Spokane County Auditor — nobody gets paid at the signing table:
- You line up one investor-friendly Spokane escrow company to run both the A-to-B and B-to-C legs.
- We wire our A-to-B funds into that escrow office before closing, so cash is positioned ahead of signing.
- The A-to-B leg signs and the deed records with Spokane County; the seller is paid once disbursement clears.
- The B-to-C leg records minutes later; your end buyer funds, you take your spread, and we’re repaid from those proceeds.
Because Washington pays out after recording rather than at signing, Spokane County’s recording cutoff determines whether both legs clear the same business day. Confirm same-day recording and disbursement with your escrow company before you set 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% | $400K deal = $5,000 |
| $1M – $10M | 1.0% | $1.2M deal = $12,000 |
| $10M+ | Custom | Contact us |
No upfront fees, no application cost. You pay only if the transaction funds and closes.
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 a financing pre-approval
- Same-day closing scheduled on both legs
- A single Spokane-area escrow company handling both transactions
No credit check, no income docs, no tax returns. A local note: with Washington disbursing after recording, build the schedule around your escrow company’s Spokane County recording cutoff so both legs clear the same day.
A typical Spokane double close scenario
A wholesaler ties up a bungalow in Hillyard at $315,000 and has an out-of-state migrant end buyer at $370,000. Rather than assign and show the $55,000 spread, the wholesaler books a double close at a Spokane escrow office that runs investor deals. We wire $315,000 into escrow ahead of closing. The A-to-B leg records with Spokane County, then the B-to-C records minutes later with the end buyer’s $370,000. We’re repaid $315,000 plus the 1.25% fee ($3,937) from proceeds. The wholesaler nets roughly $51,063 and the seller never sees the markup.
Apply
Upload both contracts and your end buyer’s proof of funds through our online form. Standard turnaround is about 48 hours to wire-ready; same-day funding is available for complete files submitted before 11 AM Eastern.
Frequently Asked Questions
How does Washington's dry-funding rule affect a Spokane double close? +
Washington is a dry-funding escrow state, so the escrow company disburses only after the deed records with Spokane County — money doesn't move at signing. For a same-day A-to-B-to-C close, that recording step is the timing pivot. We wire the A-to-B funds into one Spokane escrow office before closing; the A-to-B deed records, the B-to-C records minutes later, and disbursement including our repayment follows. Confirm Spokane County's recording cutoff with your escrow company so both legs clear the same business day rather than rolling overnight.
Are Spokane's lower prices a fit for double close funding? +
Yes — they just keep your deals firmly in the 1.25% tier. With a Spokane median near $400,000, the most affordable of Washington's big metros, double closes here almost always fund under $1,000,000. That affordability is what drives Seattle and California migration into Spokane, keeping value-add demand alive in West Central, Hillyard, and East Central. Spreads run tighter than coastal Washington, but a double close still keeps your markup off the seller's statement, and our fee simply follows the funded amount.
Why double close instead of assign on a Spokane wholesale deal? +
To keep your spread off the seller's settlement statement. Spokane's affordability draws out-of-state buyers, and an assignment shows your fee on the closing docs where a seller can see it. A double close runs the A-to-B and B-to-C as separate transactions through one Spokane escrow office — the seller never sees your number. We wire the A-to-B funds, you resell minutes later, and we're repaid from B-to-C proceeds after Spokane County records. Confirm equitable-interest disclosure language with a Washington attorney.
Apply for Double Close Funding in Spokane, WA
Submit your application online — same-day decisions for complete files before 2 PM Eastern.