Double Close Funding in Virginia Beach, VA | Swift Deal Funding
Double Close Funding in Virginia Beach, VA
A double close lets Virginia Beach 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 Hampton Roads settlement agent.
Virginia Beach is a Navy town, and the constant PCS (permanent change of station) cycle drives turnover — service members buying with VA loans, selling on short notice, and creating motivated-seller deals across Kempsville, Bayside, the Oceanfront, and the Princess Anne corridor. With a median sale price around $370,000, value-add and quick-turn margins are dependable. Funded amounts here commonly run $180,000 to $550,000, 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 Virginia Beach
Virginia is a wet-funding state, and it operates under CRESPA — the Consumer Real Estate Settlement Protection Act — meaning settlement can be conducted by a registered title/settlement company or a licensed attorney. Either way, money must be in escrow before disbursement, which fits a same-day double close:
- You line up one CRESPA settlement agent to run both the A-to-B and B-to-C legs.
- We wire our funds to that agent 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.
With so much coastal inventory in flood zones, a cash or pre-approved end buyer keeps the same-day timeline clean. Confirm same-day disbursement and second-leg sequencing with your settlement agent.
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% | $370K deal = $4,625 |
| $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 CRESPA settlement agent (title company or attorney) handling both transactions
No credit check, no income docs, no tax returns. Local note: with much of Virginia Beach in tidal or coastal flood zones, a pre-approved or cash end buyer keeps the same-day timeline clean — financed buyers can stall on flood-insurance requirements.
A typical Virginia Beach double close scenario
A wholesaler ties up a Kempsville rancher from a relocating Navy family at $290,000 and has a buy-and-hold end buyer at $345,000. Rather than assign and show the $55,000 spread, the wholesaler books a double close with a Hampton Roads CRESPA settlement agent that runs investor deals daily. We wire $290,000 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 $345,000. We’re repaid $290,000 plus the 1.25% fee ($3,625) from proceeds. The wholesaler nets roughly $51,375 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
Who can settle a double close in Virginia Beach? +
Under Virginia's CRESPA framework, settlement can be handled by a registered title/settlement company or a licensed Virginia attorney — you have flexibility most states don't. For a same-day double close, pick one CRESPA settlement agent to run both the A-to-B and B-to-C legs; splitting across two agents breaks the same-day sequencing we rely on. Hampton Roads has settlement agents who close back-to-back investor deals regularly. Confirm same-day funding on both legs with your settlement agent before setting the date.
Does Virginia Beach flood zoning affect double close funding? +
Our funding doesn't hinge on it, but your end buyer's lender or insurer might, so pin that down first. A lot of Virginia Beach inventory near the Oceanfront, Bayside, and the southern watersheds sits in tidal or coastal flood zones, which can slow a financed end buyer through flood-insurance requirements. We underwrite on your two contracts and the end buyer's proof of funds — not the flood map — but a verified cash or pre-approved buyer keeps the same-day close on schedule. Confirm flood disclosures with your settlement agent.
Why double close instead of assign in Virginia Beach? +
To keep your spread off the seller's settlement statement. The military PCS cycle here produces motivated sellers and quick-turn deals in Kempsville, Bayside, and around the bases, often with solid margins. 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 CRESPA settlement agent. 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 Virginia attorney.
Apply for Double Close Funding in Virginia Beach, VA
Submit your application online — same-day decisions for complete files before 2 PM Eastern.