Double Close Funding in Tennessee | Swift Deal Funding
Double Close Funding in Tennessee
Tennessee runs one of the busiest wholesale scenes in the South, and a double close lets you keep your spread private when assigning would expose it. Swift Deal Funding is a direct lender — we put up the cash for your A-to-B purchase so you can buy from the seller and resell to your end buyer the same day, at the same Tennessee title company.
Funded amounts on Tennessee deals commonly run $150,000 to $500,000 across Memphis, Nashville, and Knoxville, with capacity up to $100,000,000+ on a single transaction. No credit pull, no income verification, no tax returns. Your two contracts and the end buyer’s proof of funds are what underwrite the deal.
How Double Close Funding closes in Tennessee
Tennessee is a title-company closing state, but a large share of closing offices — particularly in Memphis — are attorney-owned, which means the people running your file are comfortable with complex investor structures. It is also a wet-funding state, so escrow must hold the money before anything disburses. That sequencing is exactly what a same-day double close needs:
- One closing office (title company or attorney-owned title firm) handles both legs.
- We wire the A-to-B funds by 9 AM the morning of closing, before documents are signed.
- The A-to-B leg funds with our cash and the seller is paid.
- The B-to-C leg closes immediately after; your end buyer’s money comes in, you collect your spread, and we are repaid out of those proceeds.
Memphis in particular has a deep bench of investor-friendly closing offices because of heavy out-of-state buyer demand. Confirm same-day disbursement with your closer before locking the date.
Pricing
Tiered flat fee, billed on the settlement statement only when the deal closes:
| Funded Amount | Fee Rate | Example |
|---|---|---|
| Up to $1,000,000 | 1.25% | $250K deal = $3,125 |
| $1M – $10M | 1.0% | $2.5M deal = $25,000 |
| $10M+ | Custom | Contact us |
No upfront fee, no application cost.
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 financing pre-approval
- Same-day closing scheduled on both legs
- A single Tennessee title company (or attorney-owned title firm) handling both
No credit check, no income docs, no tax returns.
A typical Tennessee double close scenario
A wholesaler picks up a Memphis rental at $115,000 with an out-of-state fund buying at $140,000. The fund’s analyst reviews settlement statements line by line, so the wholesaler double closes through an attorney-owned Memphis title company to keep the $25,000 spread off the seller’s side. We wire $115,000 by 9 AM. The A-to-B leg funds, the seller is paid, and the B-to-C leg closes minutes later for $140,000. We are repaid $115,000 plus the 1.25% fee ($1,438) from proceeds. The wholesaler nets about $23,560 and the fund’s file shows a clean arm’s-length purchase.
Apply
Upload both contracts and your end buyer’s proof of funds online. Standard turnaround is about 48 hours to wire-ready; same-day funding is available for complete files in before 11 AM Eastern.
Frequently Asked Questions
Why do Memphis wholesalers use double close funding instead of assigning? +
Memphis is one of the most active out-of-state-investor markets in the country, and a lot of end buyers are funds or hard-money-backed flippers who scrutinize the settlement statement. A double close keeps your spread off the seller's HUD because the two transactions are separate. Many Memphis title companies are attorney-owned and already close investor double-closes routinely, so the structure is familiar locally. We provide the A-to-B cash and get repaid from the B-to-C proceeds the same day.
Is Tennessee a title-company or attorney closing state for a double close? +
Tennessee closes through title companies, though many are attorney-owned, especially in Memphis. Either way, you want one closing office handling both the A-to-B and B-to-C legs on the same day. Tennessee is a wet-funding state, so funds must be in escrow before disbursement — we wire by 9 AM the morning of closing so the cash is there before signing. Confirm same-day double-close handling with your Nashville or Memphis title company.
How fast can I close a Tennessee double close in a hot Nashville deal? +
When your file is complete — both contracts, end-buyer proof of funds, and a title commitment — standard turnaround is about 48 hours to wire-ready. For fast-moving Nashville deals, same-day funding is available if you submit before 11 AM Eastern with documents in hand. We wire to your title company by 9 AM the day of closing. The bottleneck is usually getting both sides scheduled on the same day, not our funding.
Apply for Double Close Funding in Tennessee
Submit your application online — same-day decisions for complete files before 2 PM Eastern.