Double Close Funding in Saint Paul, MN | Swift Deal Funding
Double Close Funding in Saint Paul, MN
A double close lets Saint Paul wholesalers protect a real 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 at one Saint Paul title company.
Minnesota’s capital city runs on some of the oldest housing stock in the metro — Victorian frame homes, brick four-squares, and small multifamily, with a median sale price around $300,000. That age creates value-add margins across neighborhoods like Frogtown, Dayton’s Bluff, the North End, and Payne-Phalen, where rehab and rental demand stay steady. Funded amounts here commonly run $130,000 to $450,000, 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 Saint Paul
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 Saint Paul 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.
A Saint Paul-specific point: the city requires a Truth-in-Sale-of-Housing (TISH) evaluation before a home, duplex, condo, or townhome is marketed, so make sure the seller’s report is complete 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% | $300K deal = $3,750 |
| $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 Saint Paul-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 — Saint Paul requires it before the property can be marketed, and a missing report can stall your A-to-B leg.
A typical Saint Paul double close scenario
A wholesaler ties up an 1890s Victorian frame home in Dayton’s Bluff at $185,000 and has a buy-and-hold end buyer at $238,000. Rather than assign and show the $53,000 spread, the wholesaler books a double close at an East Side title company that runs investor deals daily, with the seller’s TISH evaluation already done. 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 $238,000. We’re repaid $185,000 plus the 1.25% fee ($2,312) from proceeds. The wholesaler nets roughly $50,688 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
Does Saint Paul's Truth-in-Sale-of-Housing rule slow a double close? +
It's a pre-listing requirement, not a funding obstacle. Saint Paul requires a Truth-in-Sale-of-Housing (TISH) evaluation on single-family homes, duplexes, condos, and townhomes before the property is marketed for sale. On a double close you want the seller's TISH completed so the A-to-B leg isn't held up. We underwrite on your two contracts and the end buyer's proof of funds — not the evaluation results. Confirm the report status and any disclosure obligations with your Saint Paul title company before you set the closing date.
Which Saint Paul title companies run same-day double closes? +
Minnesota is a title and escrow state, so one investor-friendly title office handles both the A-to-B and B-to-C legs. Use a single office — splitting across two title companies breaks the same-day sequencing we rely on. Escrow teams serving the East Side and downtown Saint Paul 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. Confirm same-day funding on both legs with your title company first.
Why double close instead of assign in Saint Paul? +
To keep your spread off the seller's settlement statement. Saint Paul's older housing in Frogtown, Dayton's Bluff, and the North End can carry solid margins on Victorian frame homes and small multifamily, 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 Saint Paul, MN
Submit your application online — same-day decisions for complete files before 2 PM Eastern.