Double Close Funding in Des Moines, IA | Swift Deal Funding
Double Close Funding in Des Moines, IA
A double close lets Des Moines wholesalers protect a real 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 at one Des Moines closing company.
Des Moines is one of the country’s insurance capitals — Principal Financial, Nationwide, and a dense base of carriers anchor a stable white-collar economy — while housing stays affordable at a median sale price around $220,000. That mix creates dependable value-add margins across older neighborhoods like Drake, Highland Park, the East Side, and Beaverdale, where early-1900s frame homes and bungalows turn over to rehabbers and landlords. Funded amounts here commonly run $100,000 to $350,000, 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 Des Moines
Iowa is a wet-funding state, and money must be in escrow before the closing company disburses. Iowa is also distinctive on title: rather than standard title insurance, the state uses an abstract of title plus an Iowa Title Guaranty certificate. That sequencing still works for a same-day double close:
- You line up one investor-friendly Des Moines closing company to run both the A-to-B and B-to-C legs, with the abstract continued and Title Guaranty ready.
- We wire our funds to that office by 9 AM the morning of closing, so cash is in escrow before anyone signs.
- The A-to-B leg funds with our money; the seller is paid and the deed moves to you.
- The B-to-C leg closes minutes later; your end buyer funds, you take your spread, and we’re repaid from those proceeds before the file disburses.
If your A-side comes through foreclosure, confirm Iowa’s post-sale redemption period has run so title is clean. Confirm same-day disbursement and abstract readiness with your closing company.
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% | $220K deal = $2,750 |
| $1M – $10M | 1.0% | $2.5M deal = $25,000 |
| $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 Des Moines-area closing company handling both transactions, with the abstract current
No credit check, no income docs, no tax returns. Local note: Iowa runs on abstracts and Iowa Title Guaranty rather than standard title insurance, so confirm the abstract continuation is done early — and on foreclosure-sourced deals, that the redemption period has expired.
A typical Des Moines double close scenario
A wholesaler ties up a 1920s frame home on the East Side at $135,000 and has a buy-and-hold end buyer at $182,000. Rather than assign and show the $47,000 spread, the wholesaler books a double close at a closing company near Drake that runs investor deals daily, with the abstract continued and Title Guaranty ready. We wire $135,000 by 9 AM. The A-to-B leg funds, the seller is paid, and minutes later the B-to-C closes with the end buyer’s $182,000. We’re repaid $135,000 plus the 1.25% fee ($1,687) from proceeds. The wholesaler nets roughly $45,313 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 Iowa's abstract-of-title system affect a Des Moines double close? +
Iowa doesn't use title insurance the way most states do — it relies on an abstract of title continued by an abstractor, with a Title Guaranty certificate through Iowa Title Guaranty. On a double close that means the abstract needs to be current and the title work ready so both legs can close the same day. We underwrite on your two contracts and the end buyer's proof of funds, not the abstract itself. Confirm with your Des Moines title or closing company that the abstract continuation and Title Guaranty are ready before you schedule.
Does Iowa's redemption period matter on a double close? +
It matters most on foreclosure-sourced deals, not a standard arm's-length double close. Iowa allows a post-sale redemption period on foreclosed properties, so if your A-side seller acquired through foreclosure, confirm the redemption window has expired and clean title can pass. For ordinary seller-to-wholesaler deals it typically isn't a factor. We fund on your contracts and a verified end buyer; your title company confirms the chain is clear. Always confirm redemption status locally before closing.
Why double close instead of assign in Des Moines? +
To keep your spread off the seller's settlement statement. Des Moines value-add deals in Drake, Highland Park, and the East Side can carry healthy margins on older frame homes and bungalows, and a double close keeps that markup private. With an assignment your fee shows on the closing docs; with a double close the A-to-B and B-to-C are separate transactions at one closing company. We wire the A-to-B funds, you resell minutes later, and we're repaid from B-to-C proceeds. Confirm disclosure language with an Iowa attorney.
Apply for Double Close Funding in Des Moines, IA
Submit your application online — same-day decisions for complete files before 2 PM Eastern.