Double Close Funding in Bakersfield, CA | Swift Deal Funding
Double Close Funding in Bakersfield, CA
Bakersfield is a Central Valley value market, and a double close is how you keep a healthy spread private rather than printing 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 through one Bakersfield escrow company.
The metro runs on oil, agriculture, and affordability, with a median sale price around $390,000 — far below coastal California. That value gap is the opportunity: aging stock in Oildale and East Bakersfield, value-add ranch homes in Rosedale, and infill across the southwest produce margins worth protecting. Funded amounts here commonly run $200,000 to $600,000, 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 Bakersfield
California closes through escrow companies, not attorneys, and it is a dry-funding state — escrow disburses only after the deed records with the Kern County Recorder, not at the signing table. That record-first rule shapes the entire same-day sequence:
- You line up one investor-friendly Bakersfield escrow company to run both the A-to-B and B-to-C legs.
- We wire our funds into escrow by 9 AM the morning of closing.
- The A-to-B leg signs and the deed records with Kern County; once recording confirms, escrow disburses and the seller is paid.
- The B-to-C leg records and disburses minutes later; your end buyer funds, you take your spread, and we are repaid from those proceeds.
The Bakersfield nuance is the recording cutoff. Because funds release post-recording, both legs must clear Kern County before the day ends. Confirm the timeline with your escrow 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% | $390K deal = $4,875 |
| $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 Bakersfield-area escrow company handling both transactions
No credit check, no income docs, no tax returns; no California wholesaler license required, though you should disclose your equitable interest. A local note: because Kern County escrow disburses after recording, submit documents early so both legs record the same business day.
A typical Bakersfield double close scenario
A wholesaler ties up a 1960s ranch in East Bakersfield at $245,000 and has a buy-and-hold end buyer at $300,000. Rather than assign and show the $55,000 spread, the wholesaler books a double close at a Rosedale-area escrow company that handles investor files. We wire $245,000 by 9 AM. The A-to-B leg signs and records with Kern County; escrow disburses and the seller is paid. Minutes later the B-to-C records and closes with the end buyer’s $300,000. We are repaid $245,000 plus the 1.25% fee ($3,062) from proceeds. The wholesaler nets roughly $51,938 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
How does California's record-first escrow rule affect a double close in Bakersfield? +
It governs your timing. California is a dry-funding escrow state, so a Bakersfield escrow company cannot disburse at signing — money releases only after the deed records with the Kern County Recorder. For a double close, that means our A-to-B funds sit in escrow, the deed records, and only then does the file disburse and the B-to-C leg sequence in. Both legs run through one escrow company on the same day. Confirm the recording cutoff with your escrow company so both legs clear before the day ends.
Should both legs of a Bakersfield double close use the same escrow company? +
Yes. Running the A-to-B and B-to-C through a single Bakersfield escrow company is what makes the same-day sequence possible. Splitting the two legs across separate escrow holders breaks the timing we rely on for record-first disbursement. When you apply, give us your escrow officer's contact and we coordinate the 9 AM wire directly. Because California disburses post-recording, a single escrow company that recognizes investor double-close files keeps the two recordings clean.
Why double close instead of assign on a Bakersfield deal? +
To keep your spread off the seller's settlement statement. Bakersfield's value-driven Central Valley pricing produces solid margins on older inventory in East Bakersfield and Oildale, and an assignment would expose your fee on the closing docs. A double close splits the A-to-B and B-to-C into two transactions at one Kern County escrow company, so the markup stays private. We fund the A-to-B and are repaid from the B-to-C proceeds. Disclose your equitable interest and confirm language with a California attorney.
Apply for Double Close Funding in Bakersfield, CA
Submit your application online — same-day decisions for complete files before 2 PM Eastern.