Double Close Funding in Knoxville, TN | Swift Deal Funding
Double Close Funding in Knoxville, TN
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 Tennessee title company, with our capital funding the A-to-B leg so your acquisition price stays off your buyer’s settlement statement. Knoxville’s draw is relocation — University of Tennessee, the Oak Ridge corridor, and affordability that pulls buyers from pricier markets keep demand steady at a median around $330K. Many end buyers are newcomers or out-of-area investors. A double close lets you sell to them cleanly while protecting your spread on Old North Knoxville, South Knox, and Fountain City deals.
How a double close works in Knoxville
Knoxville sits in Tennessee, a wet-funding title/escrow state with no attorney-closing requirement, so a licensed title company closes both legs. We wire to the closing agent 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. The variable is escrow scheduling, so confirm your title office can run a same-day double close before locking dates. Verify timing 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 $300,000 South Knox acquisition funded at 1.25% costs $3,750, 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 Knoxville title company handling both transactions
No credit check, no income docs, no tax returns. Knoxville note: relocating end buyers often finance, so factor their lender’s timeline into your same-day schedule.
A typical Knoxville double close scenario
You contract a renovated bungalow in Old North Knoxville at $265,000 and resell to a relocating buyer’s investor agent at $305,000. We fund the $265,000 A-to-B leg at 9 AM; the title company closes A-to-B, then B-to-C, and disburses. Our $265,000 plus the 1.25% fee ($3,313) comes back from the end buyer’s proceeds, and your $36,687 spread lands the same day — with no state income tax owed in Tennessee.
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 are the end buyers on Knoxville double closings? +
Knoxville's steady relocation inflow — driven by UT, Oak Ridge employers, and affordability relative to bigger Sun Belt cities — means many end buyers are newcomers and out-of-area investors chasing entry-level price points. A double close lets you resell a renovated Old North Knoxville or Fountain City home to them the same day while keeping your acquisition price off their settlement statement. We fund the A-to-B leg; you just need both contracts and the end buyer's proof of funds.
Does a Knoxville double close need an attorney? +
No. Tennessee is a title/escrow state with no attorney-closing mandate, so a licensed Knoxville title company can run both legs of the A-to-B-to-C the same day. Confirm with your title office that they'll handle a same-day double close — back-to-back A-to-B and B-to-C through one escrow — before you set the date. We fund the same way regardless of which licensed office you use.
How fast can you fund a Knoxville 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 Knoxville closing agent 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.
Apply for Double Close Funding in Knoxville, TN
Submit your application online — same-day decisions for complete files before 2 PM Eastern.