Double Close Funding in Baltimore, MD | Swift Deal Funding
Double Close Funding in Baltimore, MD
A double close lets a Baltimore wholesaler buy from the seller (A-to-B) and resell to the end buyer (B-to-C) the same day, through one settlement agent, without showing your buyer the spread. Swift Deal Funding is a direct lender that wires the A-to-C capital so both legs fund cleanly. With Baltimore’s median sale price near $200,000 and dramatic block-by-block value swings, this usually means funding mid-five-figure purchases on rowhome streets in Canton, Hampden, and Patterson Park — with capacity to $10M+ on larger deals.
No credit pull, no income docs, no tax returns. We underwrite the executed contracts and a clean title.
How Double Close closes in Baltimore
Maryland is a wet-funding state, so money must be in escrow before closing — we wire to your settlement agent by 9 AM Eastern on closing day. Closings settle through a title company or an attorney, and the double close requires a single one of them handling both legs.
Two Baltimore specifics drive the economics. First, transfer and recordation taxes: a double close is two recorded conveyances, and Maryland plus Baltimore City tax each transfer, so your A-to-B and B-to-C legs can both be hit — a real cost to price into the spread. Second, ground rents: many older rowhomes sit on leased land with a small annual ground rent owed to a holder, which must be identified and resolved in title and at settlement on both legs. Both are reasons to open the title commitment early. Standard turnaround is about 48 hours from a complete file; same-day is possible before 11 AM ET. Confirm current tax rates and ground-rent status with a local Maryland closing professional.
Pricing
Tiered flat fee on the funded amount, collected on the settlement sheet — nothing upfront. This is separate from the city/state transfer and recordation taxes above:
| Funded Amount | Fee Rate |
|---|---|
| Up to $1,000,000 | 1.25% |
| $1M – $10M | 1.0% |
| $10M+ | Custom |
You pay our fee 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 Maryland title company or attorney handling both legs
Baltimore note: confirm any ground rent on the parcel and budget transfer/recordation taxes on both conveyances.
A typical Baltimore double close scenario
You tie up a Patterson Park rowhome at $135,000 (A-to-B) and have an end buyer at $165,000 (B-to-C), same-day at one Baltimore settlement agent. We wire the $135,000 for the A leg by 9 AM. The B-to-C closes minutes later; the agent repays our $135,000 from the end buyer’s proceeds and remits our 1.25% fee ($1,687.50) off the statement. Your gross spread is about $30,000 — but transfer/recordation taxes on both legs and any ground-rent redemption come out of it, so underwrite those before you sign.
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
Do Baltimore transfer and recordation taxes hit both legs of a double close? +
Generally yes. A double close is two recorded transfers — A-to-B and B-to-C — and Maryland and Baltimore City impose transfer and recordation taxes on each conveyance, so a same-day double close can be taxed twice. That cost is real and can be substantial in the city; price it into your spread before you commit. Swift Deal Funding wires the A-to-C capital; the tax burden is the deal's, not ours. Confirm current rates and any first-time-buyer or owner-occupant relief with a Maryland closing professional.
How do Baltimore ground rents affect a double close? +
Many older Baltimore rowhomes sit on ground-rent lots, meaning the land is leased and a small annual ground rent is owed to a ground-rent holder. That has to be identified, disclosed, and accounted for in the title work and at settlement, which can add steps on both legs of a double close. We still fund A-to-C in about 48 hours once your file is complete — but open title early so any ground rent (and its redemption or registration status) is resolved before closing.
Can one Baltimore settlement agent run both legs the same day? +
Yes, and our product requires it. Maryland is a wet-funding state where closings settle through a title company or an attorney, and the double close needs one settlement agent handling both the A-to-B and B-to-C legs 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 Maryland conventions, including the dual transfer-tax handling.
Apply for Double Close Funding in Baltimore, MD
Submit your application online — same-day decisions for complete files before 2 PM Eastern.