Double Close Funding in Charleston, SC | Swift Deal Funding
Double Close Funding in Charleston, SC
Double close funding lets a Charleston wholesaler buy from the seller (A→B) and resell to the end buyer (B→C) the same day, through one attorney, without committing your own capital to the A-B leg. We fund the purchase and are repaid from the end-buyer’s proceeds when B-C closes.
Charleston is a high-value, tourism-and-history-driven market with a median near ~$550K, where peninsula charm commands a premium and waterfront geography shapes everything. The wholesale workhorse, though, is North Charleston — the more affordable, higher-volume side of the metro where investor activity concentrates. Much of the area sits in tidal, flood-prone terrain, so title and elevation details deserve attention. Typical Charleston double closes we fund run $250,000–$900,000, with capacity up to $100M+ per transaction.
How Double Close closes in Charleston (SC attorney-must-close)
South Carolina is a wet-funding state, and the SC Supreme Court requires closings to be supervised by a licensed SC attorney who disburses from the trust account, with money in before recording. For a double close, both the A-B and B-C legs run through the same Charleston-area closing attorney on the same day. We wire to the trust account by 9 AM Eastern; A-B records first, B-C follows, and our funds are repaid from the end-buyer’s proceeds within the same business day. Confirm same-day disbursement — and any flood/survey timing — with your specific firm.
Pricing
Tiered flat fee, collected on the closing statement — no upfront or application cost:
| Funded Amount | Fee Rate | Example |
|---|---|---|
| Up to $1,000,000 | 1.25% | $500K deal = $6,250 |
| $1M – $10M | 1.0% | $2.5M deal = $25,000 |
| $10M+ | Custom | Contact for structure |
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 assignment or purchase contract
- Verified end buyer with proof of funds or a financing pre-approval letter
- Same-day closing scheduled for both legs
- A single licensed SC closing attorney handling both transactions (required in South Carolina)
We’re a direct lender: no credit check, no income verification, no tax returns.
A typical Charleston double close scenario
You tie up a ranch in North Charleston at $260,000 and resell to a rental investor at $300,000. Rather than float $260,000, you have us fund the A-B purchase into your SC attorney’s trust account. The attorney confirms clear title and flood items first; A-B records that morning, B-C records right after at $300,000, our $260,000 is repaid from the buyer’s wire, and our fee at the ≤$1M tier is $3,250 (1.25%). You keep the ~$40,000 spread less costs without your capital leaving the bank.
Apply
Submit both contracts and your end-buyer verification online. Standard turnaround is ~48 hours to wire-ready; same-day is possible for complete files before 11 AM Eastern.
Frequently Asked Questions
Why must a South Carolina attorney handle my Charleston double close? +
The South Carolina Supreme Court requires that real estate closings be supervised by a licensed SC attorney — a title company alone can't conduct the closing. For a double close that's workable: one Charleston-area attorney runs your A-B and B-C legs back-to-back the same day. We wire the A-B funds into that attorney's trust account, and our money is repaid from the end-buyer's proceeds when B-C records. Confirm same-day disbursement with the firm.
Can flood-zone or tidal-flooding issues slow a Charleston double close? +
They can affect timing on the title and survey side, since much of Charleston sits in flood-prone, tidal areas where elevation and flood determinations matter. We fund on the deal documents, but your SC closing attorney will need clear title and any flood-related items resolved before recording. Build a little buffer into the schedule and confirm the attorney's same-day disbursement capability for both legs.
Do I need a wholesaler license to double close in Charleston? +
No. South Carolina doesn't require a separate wholesaler license to assign or double close; the closing just has to be attorney-supervised. We're a direct lender underwriting the deal documents — both contracts and a verified end buyer — and we never check credit, income, or tax returns on Charleston deals.
Apply for Double Close Funding in Charleston, SC
Submit your application online — same-day decisions for complete files before 2 PM Eastern.