Double Close Funding in Minneapolis, MN | Swift Deal Funding
Double Close Funding in Minneapolis, MN
A double close is how you protect a healthy spread in Minneapolis 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 Twin Cities title company.
Minneapolis runs on an older housing stock — 1920s stucco bungalows, frame two-stories, and duplexes — with a median sale price around $330,000. That age creates value-add margins across investor neighborhoods like Phillips, Powderhorn, Near North, and the Camden communities, where rehab and rental demand stay steady. Funded amounts here commonly run $150,000 to $500,000, 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 Minneapolis
Minnesota closes through title and escrow companies, and it’s 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 Minneapolis 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’re repaid from those proceeds before the file disburses.
One Minneapolis wrinkle: the city requires a Truth in Sale of Housing (TISH) evaluation before a home is shown or marketed, so make sure the seller’s report is current before scheduling. Confirm same-day disbursement and second-leg sequencing with your title 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% | $330K deal = $4,125 |
| $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 Minneapolis-area title company handling both transactions
No credit check, no income docs, no tax returns. Local note: confirm the seller’s Truth in Sale of Housing evaluation is complete and current — it’s required in Minneapolis before a property can be marketed and can hold up your A-to-B leg if it’s missing.
A typical Minneapolis double close scenario
A wholesaler ties up a 1924 stucco bungalow in Powderhorn at $215,000 and has a buy-and-hold end buyer at $268,000. Rather than assign and show the $53,000 spread, the wholesaler books a double close at an Uptown-area title company that runs investor deals daily, with the seller’s TISH report already on file. We wire $215,000 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 $268,000. We’re repaid $215,000 plus the 1.25% fee ($2,687) from proceeds. The wholesaler nets roughly $50,313 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
Does Minneapolis Truth in Sale of Housing affect a double close? +
It affects your timeline before closing, not our funding. Minneapolis requires a Truth in Sale of Housing (TISH) evaluation by a city-licensed evaluator before a property can be shown or marketed, and the report stays valid for two years or one sale. On a double close you'll want the seller's TISH in hand so the A-to-B leg isn't delayed. We underwrite on your two contracts and the end buyer's proof of funds, not the TISH findings. Confirm evaluation and any repair-disclosure obligations with your Minneapolis title company.
Which Minneapolis title companies handle same-day double closes? +
Minnesota is a title and escrow state, so an investor-friendly Twin Cities title office runs both legs. Pick one office to handle the A-to-B and B-to-C — splitting across two title companies breaks the same-day sequencing we depend on. Many escrow teams around Uptown and downtown Minneapolis close back-to-back investor deals regularly. When you apply, give us the title contact and we coordinate the 9 AM wire and second-leg disbursement directly. Confirm same-day funding on both legs with your title company before setting the date.
Why double close instead of assign on a Minneapolis deal? +
To keep your spread off the seller's settlement statement. Minneapolis value-add deals in Phillips, Powderhorn, and Near North can carry wide margins on older stucco and frame homes, 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 title 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 a Minnesota attorney.
Apply for Double Close Funding in Minneapolis, MN
Submit your application online — same-day decisions for complete files before 2 PM Eastern.