Double Close Funding in Akron, OH | Swift Deal Funding
Double Close Funding in Akron, OH
Akron is the original Rubber City, and decades after Goodyear and Firestone reshaped it, the housing stock left behind makes it one of the Midwest’s most active distressed-property markets. 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 Akron title company.
With a median sale price near $140,000, Akron’s deals are defined by large percentage spreads on low dollar amounts. Distressed and vacant inventory runs through Goodyear Heights, Kenmore, and the older streets of West Akron, while out-of-state buy-and-hold investors chasing cash flow keep buyer demand strong year-round. A double close lets you protect a wide margin — often a property bought well below market and resold to an investor — without exposing the markup on the seller’s settlement statement. Funded amounts here commonly run $60,000 to $200,000, 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 Akron
Ohio closes through title and escrow companies, not attorneys, and it is 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 Summit County 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 are repaid from those proceeds before the file disburses.
Akron’s investor volume means many title offices handle this routinely. Still, confirm same-day disbursement and second-leg sequencing with your title 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% | $90K deal = $1,125 |
| $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 Summit County title company handling both transactions
No credit check, no income docs, no tax returns. A local note: Akron’s deep distressed inventory means big percentage spreads on small dollar amounts — a double close keeps that markup off the seller’s settlement statement.
A typical Akron double close scenario
A wholesaler ties up a vacant bungalow in Goodyear Heights at $62,000 and has an out-of-state buy-and-hold investor at $108,000. Assigning would put the $46,000 spread — a 74% markup — right on the closing docs, so the wholesaler double closes at a Summit County title company. We wire $62,000 by 9 AM. The A-to-B leg funds, the seller is paid, and minutes later the B-to-C closes with the investor’s $108,000. We are repaid $62,000 plus the 1.25% fee ($775) from proceeds. The wholesaler nets roughly $45,225 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
Which Akron title companies handle same-day double closes? +
Many Summit County title and escrow offices run back-to-back A-to-B and B-to-C closings, since Akron's heavy out-of-state investor volume keeps double closing common. Ohio is a wet-funding, title-company state, so our money is in escrow before anyone signs. Use one title company for both legs — splitting them across two offices breaks the same-day sequencing we rely on. When you apply, give us your 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.
Do Akron's low prices make a double close worth it? +
Often more so, because the percentage spreads are large. With a median near $140,000, a deal bought at $70,000 and resold at $115,000 is a modest dollar gap but a huge margin relative to price — exactly the kind of markup you don't want on the seller's settlement statement. A double close runs the A-to-B and B-to-C as two separate transactions at one title company, keeping the spread private. Our tiered fee on small Akron amounts stays low. Confirm disclosure language with an Ohio real estate attorney.
Do I need a license to double close in Akron? +
No. Ohio doesn't require a wholesaler license to assign or to double close, so Akron investors operate freely. A double close is still useful here for privacy and clean title transfer on distressed Goodyear Heights or Kenmore properties — you take title, then resell as the owner, keeping your markup off the seller-side docs. We're a direct lender funding the A-to-B leg, repaid from the B-to-C proceeds. No credit, income, or tax review. Confirm the closing structure with your Akron title company before scheduling.
Apply for Double Close Funding in Akron, OH
Submit your application online — same-day decisions for complete files before 2 PM Eastern.