Double Close Funding in Sarasota, FL | Swift Deal Funding
Double Close Funding in Sarasota, FL
Double close funding lets a Sarasota wholesaler buy from the seller (A-B) and resell to the end buyer (B-C) on the same day, through one title company, without using your own capital for the middle leg. We provide the transactional funds for the A-B purchase and are repaid from the end-buyer proceeds when B-C closes. Sarasota deals run the gamut — Gulf-coast condos on Siesta Key and Longboat, retiree-owned single-family homes in the affluent inland neighborhoods, and value-add rehabs in Newtown — and our funding scales from a $150K cottage to multimillion-dollar coastal assets.
How double close funding closes in Sarasota
Florida is a wet-funding, title-company closing state. That matters: a Sarasota title company can run both legs of the double close itself, so coordination is simpler than in attorney-must-close states like Georgia. We wire transactional funds to your title agent by 9 AM Eastern on closing day. The A-B leg funds and records, the B-C leg closes immediately after, and our funds plus fee come back out of the end-buyer’s proceeds — all in the same business day. Standard turnaround is roughly 48 hours from a complete file; same-day is possible for files in before 11 AM Eastern. Confirm your title office can run a same-day, two-deal close before scheduling.
Pricing
Tiered flat fee on the funded amount, collected on the settlement statement — no upfront or application fees:
| Funded amount | Fee |
|---|---|
| Up to $1,000,000 | 1.25% |
| $1,000,000 – $10,000,000 | 1.0% |
| $10,000,000+ | Custom |
A $450,000 Sarasota deal — close to the local median — carries a $5,625 fee. You pay only if the deal funds and closes.
What you’ll need
- Fully executed A-B purchase contract
- Fully executed B-C assignment or purchase contract
- Verified end buyer with proof of funds or a financing pre-approval
- A same-day closing scheduled for both legs
- A single Sarasota title company handling both transactions
No credit check, income verification, or tax returns. Local note: many Gulf-coast and condo closings hinge on insurance binders and, for condos, milestone/recertification status — line those up early so title isn’t waiting on documents on closing day.
A typical Sarasota double close scenario
You lock a 1970s villa near Newtown at $300,000 (A-B) and assign the resale to a rehab buyer at $355,000 (B-C). The end buyer is paying cash but wants the assignment kept off their side of the table, so a double close fits. We wire $300,000 to your title company by 9 AM. A-B closes, B-C closes minutes later, and we’re repaid $300,000 plus the $3,750 fee from the buyer’s $355,000. You net roughly $51,250 the same day, with no capital tied up.
Apply
Send your two contracts and end-buyer proof of funds online — most files take under ten minutes to submit.
Frequently Asked Questions
Who handles the closing for a double close in Sarasota, FL? +
Florida is a title-company closing state, so a Sarasota title company can run both legs of your A-B-C double close — you do not need to involve a separate attorney the way you would in Georgia. For our funding to work, both transactions must close on the same day through that single title company. We wire to that title agent by 9 AM Eastern, the A-B leg funds, B-C closes immediately after, and we are repaid from the end-buyer proceeds. Always confirm the office can run a same-day double close before you commit a date.
How fast can you fund a double close in Sarasota's market? +
Standard turnaround is about 48 hours from a complete file to wire-ready. Same-day funding is possible when the application lands before 11 AM Eastern with both contracts, end-buyer proof of funds, and the title commitment in hand. We wire to your Sarasota title company by 9 AM Eastern on closing day. Sarasota's mix of Gulf-coast condos and inland flips closes quickly when title is ready, so getting the commitment early is the main bottleneck to watch.
Do I need a wholesaler license to double close in Sarasota? +
Florida does not require a wholesaler license to assign or double close real estate contracts, and Sarasota imposes no separate municipal requirement. You should still disclose your role and structure deals so the assignment or resale is transparent on the settlement statement. We are a direct lender — no credit check, income verification, or tax returns — so the funding turns on your contracts and the end buyer, not your background. Confirm current Florida disclosure norms with your title company before closing.
Apply for Double Close Funding in Sarasota, FL
Submit your application online — same-day decisions for complete files before 2 PM Eastern.