Double Close Funding in Alabama | Swift Deal Funding
Double Close Funding in Alabama
Double close funding lets an Alabama wholesaler close the A-to-B purchase from the motivated seller and the B-to-C sale to the end buyer on the same day, using our capital for the middle leg so you never put your own cash at risk. We fund the buy, your end buyer’s proceeds repay us, and you keep the spread. Most Alabama double closes fund between $100,000 and $350,000, in line with the state’s roughly $210K median home price, but capacity runs past $100 million per transaction.
Alabama’s wholesale flow is concentrated in a handful of metros. Birmingham and Huntsville are the most active — Huntsville’s aerospace and defense job growth has pulled investors into the Tennessee Valley, while Birmingham offers the deepest inventory of value-add single-family. Mobile and Montgomery round out a market of about 5.1 million residents where lower entry prices keep fix-and-flip and assignment margins healthy.
Because Swift Deal Funding is a direct lender, not a broker, there’s no credit check, no income docs, and no tax returns — your executed contracts and a verified end buyer are what underwrite the deal.
How Double Close Funding closes in Alabama
Alabama is an attorney-closing state: a licensed Alabama attorney must conduct or supervise real estate closings rather than a standalone escrow officer. For a double close this is an advantage — a single closing attorney controls both the A-B and B-C settlement statements and the order in which funds disburse, which keeps the two legs cleanly sequenced.
Alabama is also a wet-funding state, meaning funds can disburse at the closing table once documents are signed, rather than waiting for the deed to record. That removes the recording-day lag that dry-funding states impose, so a same-day A-B-C close is straightforward here. We wire our portion to the attorney’s trust account by 9 AM Eastern on closing day; the attorney closes A-B, then immediately closes B-C, and our funds are repaid from the end buyer’s proceeds.
Assignment and wholesaling are legal in Alabama provided you disclose your equitable interest. Always confirm the exact closing sequence and disbursement timing with your Alabama closing attorney before scheduling.
Pricing
Tiered flat fee on the funded amount, collected through the closing statement — no upfront or application fees:
| Funded Amount | Fee Rate | Example |
|---|---|---|
| Up to $1,000,000 | 1.25% | $300K = $3,750 |
| $1M – $10M | 1.0% | $2.5M = $25,000 |
| $10M+ | Custom | Contact us |
You pay only if the deal funds and closes.
What you’ll need
- Fully executed A-to-B purchase contract
- Fully executed B-to-C assignment or purchase contract
- Verified end buyer with proof of funds or a financing pre-approval
- Same-day closing scheduled on both legs
- A single Alabama closing attorney handling both transactions (required given the state’s attorney-closing rule)
No credit check, no income verification, no tax returns.
A typical Alabama double close scenario
A wholesaler ties up a tired three-bed in Birmingham’s Crestwood neighborhood at $185,000 (A-B) and lines up a flipper to take it at $215,000 (B-C). The end buyer’s proof of funds checks out, and one Madison-area closing attorney agrees to handle both legs. We wire $185,000 to the attorney’s trust account by 9 AM. A-B closes, B-C closes minutes later, the end buyer’s $215,000 repays us, and the $30,000 spread less our 1.25% fee ($2,313) lands with the wholesaler — same business day.
Apply
Submit both contracts and your end-buyer verification online; we coordinate directly with your Alabama closing attorney. ~48 hours to wire-ready, same-day for clean files before 11 AM Eastern.
Frequently Asked Questions
Does the fact that Alabama is an attorney-closing state change how a double close funds? +
Alabama requires a licensed attorney to conduct or supervise the closing, so your A-B and B-C legs run through one closing attorney rather than a standalone escrow officer. That actually helps a same-day double close: one attorney controls both settlement statements and the order of disbursement. We wire to that attorney's trust account by 9 AM, and because Alabama is a wet-funding state, funds can disburse at the table once documents are signed. Confirm the specific sequence with your Alabama closing attorney.
How fast can you fund a Birmingham or Huntsville double close? +
From a complete file — both contracts, verified end buyer with proof of funds, and the title/attorney commitment — we're wire-ready in about 48 hours. Applications in before 11 AM Eastern with clean documents can hit same-day, and we wire to the Alabama closing attorney by 9 AM Eastern on closing day. Birmingham and Huntsville deals tend to move quickly because attorneys there handle wholesale double closes routinely.
What funded amounts are typical for Alabama double closes? +
With Alabama's roughly $210K median price, most double closes here fund between $100,000 and $350,000, though we have capacity beyond $100 million on a single transaction. The flat fee is 1.25% up to $1M and 1.0% from $1M to $10M, collected on the closing statement. A $250,000 Mobile or Montgomery flip funds at a $3,125 fee — paid only if the deal closes.
Apply for Double Close Funding in Alabama
Submit your application online — same-day decisions for complete files before 2 PM Eastern.