Double Close Funding in Chattanooga, TN | Swift Deal Funding
Double Close Funding in Chattanooga, TN
Double close funding covers the A→B→C wholesale flip: you buy from the seller and resell to your end buyer the same day, through one Tennessee title company, with our capital funding the A-to-B leg so your acquisition price stays off your buyer’s settlement statement. Chattanooga — “Gig City,” known for its municipal fiber network and a steady redevelopment story — has produced real wholesale spreads as the Southside, St. Elmo, and East Chattanooga revitalize. At a median around $320K, a double close lets you sell renovated inventory to retail and investor buyers while protecting your margin.
How a double close works in Chattanooga
Chattanooga sits in Tennessee, a wet-funding title/escrow state with no attorney-closing requirement, so a licensed title company closes both legs. We wire to the closing agent by 9 AM Eastern; A-to-B closes, B-to-C closes immediately after, and our funds are repaid from your end buyer’s proceeds — usually the same business day. Because Chattanooga straddles the Tennessee–Georgia line, confirm the property’s closing state if it’s near the border; for Tennessee-side deals, confirm your title office can run a same-day double close. Verify timing locally.
Pricing
Tiered flat fee on the funded amount, collected on the closing statement — no upfront cost:
| Funded Amount | Fee |
|---|---|
| Up to $1,000,000 | 1.25% |
| $1M – $10M | 1.0% |
| $10M+ | Custom |
A $290,000 Southside acquisition funded at 1.25% costs $3,625, paid only when the deal closes.
What you’ll need
- Fully executed A-to-B purchase contract
- Fully executed B-to-C contract or assignment
- Verified end buyer with proof of funds or financing pre-approval
- Same-day closing scheduled on both legs
- A single Chattanooga title company handling both transactions
No credit check, no income docs, no tax returns. Chattanooga note: for border-area deals, confirm the closing state up front so both legs run through one office in the right jurisdiction.
A typical Chattanooga double close scenario
You contract a renovated cottage in St. Elmo at $255,000 and resell to a Gig-City-relocating buyer’s investor at $295,000. We fund the $255,000 A-to-B leg at 9 AM; the title company closes A-to-B, then B-to-C, and disburses. Our $255,000 plus the 1.25% fee ($3,188) comes back from the end buyer’s proceeds, and your $36,812 spread lands the same day — with no state income tax owed in Tennessee.
Apply
Submit both contracts and your end-buyer’s proof of funds online. ~48-hour standard turnaround; same-day for complete files before 11 AM Eastern.
Frequently Asked Questions
Is double close funding a fit for Chattanooga's revitalizing neighborhoods? +
Yes. Gig City's redevelopment — the Southside warehouse-to-residential conversions, St. Elmo's rising values, and ongoing East Chattanooga turnaround — produces strong wholesale spreads as renovated homes trade up to retail and investor buyers. A double close lets you resell the same day while keeping your A-to-B acquisition price off your end buyer's settlement statement. We fund the A-to-B leg; you bring both contracts and the end buyer's proof of funds.
Does a Chattanooga double close require an attorney? +
No. Tennessee is a title/escrow state with no attorney-closing mandate, so a licensed Chattanooga title company can run both legs of the A-to-B-to-C the same day. One note for Chattanooga: if your deal touches a property just across the line in North Georgia, that side may close differently — confirm the closing state. For a Tennessee-side property, verify your title office can run a same-day double close before you set the date.
How fast can you fund a Chattanooga double close? +
Standard turnaround is about 48 hours from a complete file to wire-ready, and same-day funding is possible when your application is in before 11 AM Eastern with both contracts, the end buyer's proof of funds, and the title commitment. We wire to the Chattanooga closing agent by 9 AM Eastern on closing day, so the A leg never waits on the B buyer's money. No credit check, no income verification.
Apply for Double Close Funding in Chattanooga, TN
Submit your application online — same-day decisions for complete files before 2 PM Eastern.