Double Close Funding in Lubbock, TX | Swift Deal Funding
Double Close Funding in Lubbock, TX
Lubbock is the commercial anchor of West Texas — a university and agriculture town built around Texas Tech, the cotton economy, and a steady stream of student-rental and workforce-housing demand. 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, with both legs closing the same day at one Lubbock title company.
A median sale price near $230,000 keeps Lubbock affordable, and the spreads come from value-add work rather than raw price. Older brick homes in Tech Terrace and near the Tech campus draw buy-and-hold rental investors; North and East Lubbock carry distressed and workforce inventory that flips well; newer growth on the south and west sides feeds first-time-buyer demand. A double close lets you protect the margin on these deals without exposing it on the seller’s settlement statement. Funded amounts here commonly run $120,000 to $400,000, 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 Lubbock
Texas closes through title companies, not attorneys, and it is a wet-funding state — money must be in escrow before the title company disburses. That sequencing is built for a same-day double close:
- You line up one investor-friendly Lubbock title company to run both the A-to-B and B-to-C legs.
- 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 are repaid from those proceeds before the file disburses.
Lubbock’s title offices handle fewer same-day double closes than the big Texas metros, so confirm same-day disbursement and second-leg sequencing with your title company before you set the date.
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% | $230K deal = $2,875 |
| $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 Lubbock-area title company handling both transactions
No credit check, no income docs, no tax returns. A local note: Lubbock title offices run lower volume than the major metros, so book your same-day double close early and confirm the office is comfortable funding both legs the same business day.
A typical Lubbock double close scenario
A wholesaler ties up a 1960s brick ranch near Tech Terrace at $185,000 and has a buy-and-hold investor lined up at $232,000 for a student-rental conversion. Rather than assign and show the $47,000 spread, the wholesaler books a double close at a Lubbock title company. We wire $185,000 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 $232,000. We are repaid $185,000 plus the 1.25% fee ($2,312) from proceeds. The wholesaler nets roughly $44,688 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
Do Lubbock title companies handle same-day double closes? +
Most established Lubbock title offices can, though volume here is lower than Dallas or Houston, so call ahead. Texas is a wet-funding, title-company state — money sits in escrow before anyone signs — which is exactly what a same-day A-to-B then B-to-C sequence needs. Use one title company for both legs; splitting them across two offices breaks the timing we rely on. When you apply, give us your title contact and we coordinate the 9 AM wire and second-leg disbursement. Confirm same-day funding on both legs with your title company first.
Does the TREC option period matter for a Lubbock double close? +
It matters on the front end, not at funding. The TREC residential contract gives you an option period to terminate and inspect on the A-to-B leg before you commit, which is how you protect a Tech Terrace or North Lubbock deal while you line up the end buyer. By the time we wire for the double close, your option period work is done and both contracts are firm. We underwrite the two contracts and your end buyer's proof of funds, not your inspection findings. Confirm option and closing terms with your title company.
Why double close instead of assign in Lubbock? +
To keep your spread off the seller's settlement statement. Lubbock's median sits near $230,000, and value-add deals on older homes near Texas Tech or in East Lubbock can carry healthy margins relative to price. An assignment shows your fee on the closing docs; a double close runs the A-to-B and B-to-C as two separate transactions at one title company, so the markup stays private. We wire the A-to-B funds and are repaid from the B-to-C proceeds. Confirm disclosure language with a Texas attorney.
Apply for Double Close Funding in Lubbock, TX
Submit your application online — same-day decisions for complete files before 2 PM Eastern.