Double Close Funding in Reno, NV | Swift Deal Funding
Double Close Funding in Reno, NV
Reno has transformed from a casino town into a Northern Nevada tech hub, and a double close is how you protect a spread 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 through one state-licensed Reno escrow agent.
The Tahoe-Reno Industrial Center — home to Tesla’s Gigafactory and a wave of logistics and data-center employers — has pulled jobs and California-equity buyers into the region, pushing the median sale price near $540,000. Opportunity runs from older bungalows in Midtown to value-add tract homes in Sparks and the established central neighborhoods. Funded amounts here commonly run $275,000 to $750,000, 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 Reno
Nevada closes through state-licensed escrow agents, and it is a dry-funding state — escrow disburses only after the deed records with the Washoe County Recorder, not at signing. That record-first rule drives the same-day sequence:
- You line up one investor-friendly Reno escrow agent to run both the A-to-B and B-to-C legs.
- We wire our funds into escrow by 9 AM the morning of closing.
- The A-to-B leg signs and the deed records with Washoe County; once recording confirms, escrow disburses and the seller is paid.
- The B-to-C leg records and disburses minutes later; your end buyer funds, you take your spread, and we are repaid from those proceeds.
Two Reno nuances matter. First, the Washoe County recording cutoff — both legs must clear before day’s end. Second, HOA super-priority liens under NRS 116 are a title risk in the area’s many HOA communities; clear them before recording. Confirm both with your escrow 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% | $540K deal = $6,750 |
| $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 Reno-area escrow agent handling both transactions
No credit check, no income docs, no tax returns; no Nevada wholesaler license required, though disclose your equitable interest. A local note: have your title officer confirm HOA assessments are current and any NRS 116 super-priority lien is resolved before recording, so it doesn’t cloud the same-day close.
A typical Reno double close scenario
A wholesaler ties up a Midtown bungalow at $420,000 and has a relocating tech-worker end buyer at $490,000. Rather than assign and show the $70,000 spread, the wholesaler books a double close at a Sparks-area escrow agent that handles investor files — after the title officer confirms the HOA assessments are current. We wire $420,000 by 9 AM. The A-to-B leg signs and records with Washoe County; escrow disburses and the seller is paid. Minutes later the B-to-C records and closes with the end buyer’s $490,000. We are repaid $420,000 plus the 1.25% fee ($5,250) from proceeds. The wholesaler nets roughly $64,750 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
How does Nevada's record-first escrow rule affect a Reno double close? +
It controls the timing. Nevada is a dry-funding escrow state, so a Reno escrow agent disburses only after the deed records with the Washoe County Recorder — not at signing. For a double close, our A-to-B funds sit in escrow, the deed records, and only then does the file disburse and the B-to-C leg sequence in. Both legs run through one state-licensed escrow agent on the same day. Confirm the Washoe County recording cutoff with your escrow agent so both legs clear before the day ends.
How do HOA super-priority liens affect a Reno double close? +
They're a real title risk worth clearing before you fund. Under Nevada's NRS 116, an HOA's unpaid assessments can carry a super-priority portion that, in some cases, sits ahead of other liens — and a clouded title can stall a double close where both legs must record the same day. Many Reno and Sparks homes sit in HOA communities, so have your title officer confirm assessments are current and the super-priority piece is resolved before recording. Confirm the title status with your escrow company.
Why double close instead of assign on a Reno deal? +
To keep your spread off the seller's settlement statement. Reno's CA-equity inflow and Tesla-driven demand can produce strong margins in Midtown and Sparks, and an assignment would print your fee on the closing docs. A double close splits the A-to-B and B-to-C into two transactions at one Washoe County escrow agent. We fund the A-to-B and are repaid from the B-to-C proceeds. No Nevada wholesaler license is required, but disclose your equitable interest; confirm language with a Nevada attorney.
Apply for Double Close Funding in Reno, NV
Submit your application online — same-day decisions for complete files before 2 PM Eastern.