Double Close Funding in Massachusetts | Swift Deal Funding
Double close funding in Massachusetts
Double close funding lets a Massachusetts wholesaler buy from the seller (A→B) and resell to the end buyer (B→C) on the same day, using our capital for the middle leg instead of your own. You never need to bring the purchase money — we wire it to the closing attorney, both legs record, and we’re repaid out of the end buyer’s proceeds before the day is out.
The practical reality in Massachusetts is geography and price. Boston, Cambridge and the inner suburbs rarely leave enough spread for a clean assignment, so most double-close activity clusters in the Gateway Cities — Worcester, Springfield, Brockton, Fall River, New Bedford, Lawrence and Lynn — where distressed three-deckers and aging single-families still trade with room between the A and C prices. Funded amounts in this market commonly run $150,000–$450,000, though we have capacity well into eight figures for the occasional Boston-metro commercial play.
How a double close closes in Massachusetts
Massachusetts is an attorney-closing state: a licensed Massachusetts attorney must conduct the closing, not a title company acting alone. That’s the single biggest thing to plan around. Both the A-to-B and B-to-C legs should run through one closing attorney who is comfortable with same-day, back-to-back transactions and a single title rundown. It’s also a wet-funding state — money has to be in the attorney’s escrow (IOLTA) account before the deed records — so there is no float to lean on. We wire to that escrow account by 9 AM Eastern, the attorney closes A→B, immediately closes B→C, and disburses. Confirm the exact disbursement sequence and recording plan with your closing attorney before the day of close.
Pricing
Tiered flat fee, collected on the closing statement — no upfront or application costs:
| Funded amount | Fee |
|---|---|
| Up to $1,000,000 | 1.25% |
| $1M–$10M | 1.0% |
| $10M+ | Custom |
A $350,000 Worcester deal carries a $4,375 fee. You pay only if it funds and closes.
What you’ll need
- Executed A-to-B purchase contract
- Executed B-to-C assignment or purchase contract
- Verified end buyer with proof of funds or financing approval
- Same-day closing scheduled on both legs
- One Massachusetts closing attorney handling both transactions
No credit pull, no income docs, no tax returns. The contracts and the end buyer underwrite the deal. Massachusetts note: because counsel runs the closing, loop your attorney in early so the simultaneous structure is documented cleanly.
A typical Massachusetts double close scenario
You tie up a tired two-family in Brockton at $260,000 and have a rehabber under contract at $310,000 for the same morning. Rather than wholesale-assign and disclose your $50,000 spread, you double close: we wire $260,000 into your closing attorney’s escrow by 9 AM, the A→B leg records, the B→C leg records minutes later, and we’re repaid from the end buyer’s funds. Your $50,000 stays between you and the attorney’s settlement statement.
Apply
Send both contracts and your end-buyer verification through the online form. About 48 hours to wire-ready; same-day if it’s complete before 11 AM Eastern.
Frequently Asked Questions
Does the Massachusetts attorney-closing rule complicate a double close? +
Not really, but it shapes the logistics. In Massachusetts a licensed attorney conducts the closing rather than a title company alone, so both the A-to-B and B-to-C legs need to run through one closing attorney who is comfortable with same-day back-to-back transactions. We fund into the attorney's IOLTA/escrow account by 9 AM Eastern. Line up an attorney who has done simultaneous closings before, and confirm the disbursement schedule in advance with your local counsel.
Where in Massachusetts does double close funding actually get used? +
Greater Boston pricing pushes most assignable spreads out of the core, so the bulk of double-close volume we see sits in Worcester, Springfield, Brockton, Fall River, New Bedford and the smaller Gateway Cities. Those markets have enough distressed inventory and price gaps to support a clean A→B→C resale. Boston and Cambridge deals do happen, but they tend to be higher-dollar and lean toward our $1M+ tier.
How fast can you close a double close in Massachusetts? +
Standard turnaround is about 48 hours from a complete file to wire-ready. Same-day funding is possible when a complete application — both contracts, end-buyer proof of funds, and the closing attorney's coordinates — lands before 11 AM Eastern. Massachusetts is a wet-funding state, so funds must be in the attorney's escrow before recording; we wire by 9 AM Eastern on closing day to keep that on track. Confirm timing with your closing attorney.
Apply for Double Close Funding in Massachusetts
Submit your application online — same-day decisions for complete files before 2 PM Eastern.