Double Close Funding in Mobile, AL | Swift Deal Funding
Double Close Funding in Mobile, AL
Double close funding lets Mobile wholesalers take title on the A-to-B leg and resell to the end buyer on the B-to-C leg the same day, keeping the spread off any assignment. Swift Deal Funding is a direct lender — the capital that closes your purchase comes from us and is repaid from the end buyer’s proceeds the same afternoon.
Mobile is a Gulf-coast market with its own quirks: a metro median near $200,000, humid-climate older housing stock prone to termite and moisture issues, and the constant backdrop of hurricane, wind, and flood insurance. Investor demand runs steady on rehabs in midtown and revitalizing downtown, and many deals are won on a quiet double close where neither party sees the other’s number. We routinely fund $130,000 to $400,000 here, with capacity well into eight figures per transaction.
How a Double Close Closes in Mobile
Alabama is an attorney-closing, wet-funding state. A licensed Alabama attorney conducts your closing and handles the title work — the key contrast with Missouri, where a title company can close on its own. For a double close, that attorney runs both legs and the connecting title work, and recordable funds must sit in escrow before the deeds record.
The flow: your attorney clears title on both contracts, our transactional funds reach escrow by 9 AM Eastern, the A-to-B leg closes and records, the B-to-C leg records immediately after, and our advance plus fee is repaid from the end buyer’s proceeds the same day. On the Gulf coast, a financed end buyer’s insurance binder and any flood-zone determination are often the real timing constraint, so coordinate those with your attorney locally before scheduling.
Pricing
Tiered flat fee on the funded amount, collected on the settlement statement — no upfront or application costs:
| Funded Amount | Fee |
|---|---|
| Up to $1,000,000 | 1.25% |
| $1,000,000 – $10,000,000 | 1.0% |
| $10,000,000+ | Custom |
A $200,000 Mobile double close runs $2,500. You pay only if the deal funds and closes.
What You’ll Need
- Fully executed A-to-B purchase contract
- Fully executed B-to-C contract showing the end buyer
- Verified end buyer with proof of funds or financing pre-approval
- Same-day closing scheduled on both legs
- A single Alabama closing attorney handling both transactions and the title work
Local note: with a financed end buyer, confirm the insurance binder and any flood-zone determination early — Gulf-coast coverage can slow a closing. No credit check, no income docs, no tax returns.
A Typical Mobile Double Close Scenario
You lock a 1920s cottage in midtown — solid bones, some termite and moisture repair needed — at $115,000 (A-to-B), and have a rehabber at $158,000 (B-to-C). Rather than assign and reveal your $43,000 spread, you double close. Your Alabama attorney clears title on both legs; we wire $115,000 to escrow by 9 AM; the A-to-B records, the B-to-C records minutes later, and the attorney repays our $115,000 plus the 1.25% fee ($1,438) from the buyer’s funds. You net about $41,600 the same day.
Apply
Upload both contracts and end-buyer verification online — under 10 minutes. Submit before 11 AM Eastern for a shot at same-day wiring to your Mobile closing attorney.
Frequently Asked Questions
Who closes a double close in Mobile, AL? +
Alabama is an attorney-closing state, so a licensed Alabama attorney conducts your Mobile closing and handles the title work — a title company does not close on its own here. For a double close, that attorney runs both the A-to-B and B-to-C legs and the connecting title work. Alabama is also a wet-funding state, so recordable funds must be in escrow before the deeds record, which is why we wire by 9 AM. Choose an attorney comfortable with same-day back-to-back closings.
Does Gulf-coast insurance affect a double close timeline in Mobile? +
It can affect your end buyer more than the funding. Mobile's hurricane, wind, and flood exposure means insurance — and sometimes a flood-zone determination — can be the long pole for a financed end buyer. Our transactional capital is ready and wired by 9 AM Eastern on closing day; the constraint is usually your buyer's binder and the attorney's title work. Confirm insurance and any flood requirements with your buyer and attorney before locking a same-day double close.
Is a wholesaler license required to double close in Mobile, AL? +
Alabama has no dedicated wholesaler license, so you do not need special licensing to double close in Mobile — confirm your structure with your closing attorney. In a true double close you take title on the A-to-B leg and resell on B-to-C, keeping your spread off the assignment. We fund the middle leg and are repaid from the end buyer's proceeds the same day. We review the deal documents, not your credit, income, or tax returns.
Apply for Double Close Funding in Mobile, AL
Submit your application online — same-day decisions for complete files before 2 PM Eastern.