Double Close Funding in Birmingham, AL | Swift Deal Funding
Double Close Funding in Birmingham, AL
Double close funding covers the A→B→C wholesale flip: you buy from the seller and resell to your end buyer the same day, through one closing, with our capital funding the A-to-B leg so your acquisition price never lands on your buyer’s settlement statement. Birmingham is one of the most investor-heavy, affordable markets in the Southeast — a steel-town legacy with deep distressed inventory in Ensley, Woodlawn, and East Lake, and a city median near $150K. Low entry prices and strong rehab and rental demand keep wholesale spreads alive, and a double close protects your margin when you resell.
How a double close works in Birmingham
Here’s the key Birmingham difference: Alabama is a wet-funding, attorney-closing state. Unlike Tennessee, a licensed closing attorney conducts the settlement rather than a title company alone. That structure works cleanly for a double close — one attorney’s office runs both the A-to-B and B-to-C legs in sequence the same day. We wire to the closing attorney by 9 AM Eastern; A-to-B closes, B-to-C closes immediately after, and our funds are repaid from your end buyer’s proceeds — usually the same business day. Confirm same-day double-close handling with the attorney’s office locally.
Pricing
Tiered flat fee on the funded amount, collected on the closing statement — no upfront cost:
| Funded Amount | Fee |
|---|---|
| Up to $1,000,000 | 1.25% |
| $1M – $10M | 1.0% |
| $10M+ | Custom |
A $120,000 Ensley acquisition funded at 1.25% costs $1,500, paid only when the deal closes.
What you’ll need
- Fully executed A-to-B purchase contract
- Fully executed B-to-C contract or assignment
- Verified end buyer with proof of funds or financing pre-approval
- Same-day closing scheduled on both legs
- A single Birmingham closing attorney handling both transactions
No credit check, no income docs, no tax returns. Birmingham note: line up your closing attorney early — because Alabama requires attorney closings, the attorney’s calendar, not a title clerk’s, sets your same-day window.
A typical Birmingham double close scenario
You contract a distressed house in Woodlawn at $85,000 and resell to a local rehabber at $112,000. We fund the $85,000 A-to-B leg at 9 AM; the closing attorney closes A-to-B, then B-to-C, and disburses. Our $85,000 plus the 1.25% fee ($1,063) comes back from the end buyer’s proceeds, and your $26,937 spread lands the same day.
Apply
Submit both contracts and your end-buyer’s proof of funds online. ~48-hour standard turnaround; same-day for complete files before 11 AM Eastern.
Frequently Asked Questions
Who runs a Birmingham double closing — a title company or an attorney? +
Alabama is an attorney-closing state, so a closing attorney handles the settlement on a Birmingham double close. That actually suits the A-to-B-to-C structure well: one attorney's office coordinates both legs in sequence on the same day. We fund the A-to-B leg so your acquisition price stays off your end buyer's settlement statement. You'll just want to confirm with the attorney's office that they're set up to run a same-day double close before you schedule.
Why do investors double close so often in Birmingham? +
Birmingham is investor-heavy and very affordable — distressed inventory in Ensley, Woodlawn, and East Lake trades at price points many can't believe, with a city median near $150K. That draws a deep pool of rehabbers and out-of-area buyers, and where there's a real spread, a double close keeps your A-to-B number private from a savvy end buyer. We fund the acquisition leg the same day, repaid from the B-to-C proceeds.
How fast can you fund a Birmingham double close? +
Standard turnaround is about 48 hours from a complete file to wire-ready. Same-day funding is possible when your application is in before 11 AM Eastern with both contracts, the end buyer's proof of funds, and the title commitment. We wire to the Birmingham closing attorney by 9 AM Eastern on closing day, so the A leg never sits waiting on the B buyer's money. No credit check, no income docs, no tax returns.
Apply for Double Close Funding in Birmingham, AL
Submit your application online — same-day decisions for complete files before 2 PM Eastern.