Double Close Funding in Columbia, SC | Swift Deal Funding
Double Close Funding in Columbia, SC
Double close funding lets a Columbia 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.
Columbia’s economy rests on three steady pillars: state government, the University of South Carolina, and Fort Jackson, the Army’s largest basic-training post. That mix sustains constant demand for student rentals near USC and turnkey homes for military families, while a median around $250K makes this an affordable, volume-driven wholesale market. With tighter spreads, keeping your capital free for the next contract is the whole advantage. Typical Columbia double closes we fund run $120,000–$350,000, with capacity up to $100M+ per transaction.
How Double Close closes in Columbia (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 Columbia-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 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% | $200K deal = $2,500 |
| $1M – $10M | 1.0% | $1.5M deal = $15,000 |
| $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 Columbia double close scenario
You contract a three-bedroom near USC, suited as a student rental, at $160,000 and resell to a buy-and-hold investor at $190,000. Rather than float $160,000 on a tighter-margin deal, you have us fund the A-B purchase into your SC attorney’s trust account. A-B records that morning, B-C records right after at $190,000, our $160,000 is repaid from the buyer’s wire, and our fee at the ≤$1M tier is $2,000 (1.25%). You keep the ~$30,000 spread less costs and your capital stays available for the next deal.
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
Does double close funding fit Columbia's affordable, deal-volume market? +
Yes. Columbia is one of the Southeast's more affordable capitals (median around $250K), so spreads are tighter and keeping your own capital out of the A-B leg matters. Our tiered fee scales down with the funded amount — a $160K leg at 1.25% is $2,000. Both legs run through one licensed SC attorney the same day, as the SC Supreme Court requires; confirm same-day disbursement with the firm.
Why does South Carolina require an attorney for my Columbia closing? +
The South Carolina Supreme Court mandates that closings be supervised by a licensed SC attorney, so a title company alone can't conduct it. For a double close, one Columbia-area attorney handles your A-B and B-C legs back-to-back the same day. We fund the A-B purchase into the trust account, and our money is repaid from the end-buyer's proceeds when B-C records.
Is a wholesaler license needed to double close in Columbia? +
No. South Carolina has no separate wholesaler license requirement to assign or double close; the closing just must 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 Columbia deals.
Apply for Double Close Funding in Columbia, SC
Submit your application online — same-day decisions for complete files before 2 PM Eastern.