Double Close Funding in Los Angeles, CA | Swift Deal Funding
Double Close Funding in Los Angeles, CA
Los Angeles is one of the largest and most competitive wholesale markets in the country, and a double close is how you protect a sizable 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 through one LA escrow company.
With a median sale price hovering around $1,000,000, LA produces unusually large dollar spreads on value-add and infill deals — older single-family homes in Sylmar and the northeast San Fernando Valley, multifamily in Boyle Heights and Highland Park, and entry-level inventory in Watts and Del Rey. The sheer price level means many deals land in the $1M-plus double-close tier, where the fee drops to 1.0%. Funded amounts here commonly run $400,000 to well over $1,000,000, and 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 Los Angeles
California is a dry-funding, escrow state. An independent escrow company holds the money, and it disburses only after the LA County Recorder confirms the deed has recorded — nothing releases at signing. That record-first timing is exactly what a same-day double close has to be built around:
- You line up one investor-friendly LA escrow company to run both the A-to-B and B-to-C legs.
- We wire our funds into that escrow before closing, so cash is in trust ahead of recording.
- The A-to-B leg signs and the deed records with LA County; the seller is paid after recording.
- The B-to-C leg records minutes later; your end buyer funds, you take your spread, and we’re repaid from those proceeds once that recording confirms.
Because disbursement follows recording rather than signing, your escrow company’s recording cutoff decides whether both legs clear the same business day. SoCal typically uses independent escrow companies for this. Confirm same-day double-recording with your escrow 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% | $1M deal = $12,500 |
| $1M – $10M | 1.0% | $1.4M deal = $14,000 |
| $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 (typically the CAR Residential Purchase Agreement)
- 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 LA-area escrow company handling both transactions
No credit check, no income docs, no tax returns; California has no wholesaler-licensing statute, so disclose your assignment or equitable interest. A local note: on RSO-affected, tenant-occupied buildings, a cash or pre-approved end buyer keeps the same-day recording clean.
A typical Los Angeles double close scenario
A wholesaler ties up a tired Sylmar single-family home at $760,000 and has a fix-and-flip end buyer at $880,000. Rather than assign and show the $120,000 spread, the wholesaler books a double close at an independent San Fernando Valley escrow company that runs investor deals daily. We wire $760,000 into escrow before closing. The A-to-B deed records with LA County, the seller is paid, and minutes later the B-to-C records with the end buyer’s $880,000. We’re repaid $760,000 plus the 1.25% fee ($9,500) from proceeds. The wholesaler nets roughly $110,500, 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, with wires going out at 9 AM.
Frequently Asked Questions
How does California's escrow recording sequence affect a double close in Los Angeles? +
California is a dry-funding, escrow state, so an independent LA escrow company disburses only after the County Recorder confirms the deed has recorded — not at signing. For a same-day A-to-B-to-C double close, both legs run through one escrow with our funds already in trust. The A-to-B deed records first, then the B-to-C records, and our funded amount is repaid from the B-to-C proceeds after recording. Sequencing both recordings the same business day is the whole game. Confirm the recording cutoff with your escrow company.
Does LA rent control (RSO) change how I run a double close? +
Our funding doesn't care about the Rent Stabilization Ordinance, but your end buyer will, and that affects how fast they close. A tenant-occupied duplex in Highland Park or Del Rey under RSO limits rent increases and just-cause evictions, which shapes the buyer's numbers and financing. We underwrite on your two contracts and a verified end buyer with proof of funds — not the rent roll. A pre-approved or cash buyer keeps the same-day recording on schedule. Confirm RSO status and disclosures with your escrow and a California attorney.
Why double close instead of assigning an LA wholesale deal? +
To keep a large spread off the seller's settlement statement. LA's median near $1,000,000 produces big margins on value-add property in Sylmar, Boyle Heights, and Watts, and on a deal over $1M your double-close fee drops to 1.0%. 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 escrow company. We wire the A-to-B funds, you resell, and we're repaid from B-to-C proceeds after recording. Confirm disclosure language with a California attorney.
Apply for Double Close Funding in Los Angeles, CA
Submit your application online — same-day decisions for complete files before 2 PM Eastern.