Double Close Funding in Maine | Swift Deal Funding
Double Close Funding in Maine
Double close funding lets a Maine wholesaler buy from the seller (A-to-B) and resell to the end buyer (B-to-C) the same day, through the same closing attorney, on our capital. You take real title on the A side without bringing your own cash — our wire funds it and is repaid from the end buyer’s proceeds minutes later.
Maine is a small, seasonal market, not a high-volume one. Most investor activity clusters around Greater Portland, with Bangor and Lewiston-Auburn adding modest flow; coastal and rural counties see sporadic deals. Lower price points and thinner inventory put most double-close deals here in the $60,000–$200,000 range, though our capacity runs to $100,000,000+ per transaction. In a thin market, the certainty of a clean same-day close protects deals that can be hard to replace.
How a double close closes in Maine
Maine is an attorney-closing state: a licensed Maine attorney conducts the closing and examines title. For double closes this consolidates the work — one attorney’s office can run both legs back to back instead of coordinating a separate escrow company. We require a single Maine attorney (or one office) handling A-to-B and B-to-C the same day.
Maine is also a wet-funding state, so funds must be in the attorney’s escrow before the deed records. We wire by 9 AM Eastern and confirm receipt before the A leg fires. Maine’s rural county registries can affect how fast recording happens, so build that into your timeline. On wholesaling, Maine has no licensing statute; a double close sidesteps assignment disclosure because you take title. Confirm same-day closing logistics with your Maine attorney.
Pricing
Tiered flat fee on the funded (A-to-B) amount, collected only at a successful close:
| Funded Amount | Fee |
|---|---|
| Up to $1,000,000 | 1.25% |
| $1M – $10M | 1.0% |
| $10M+ | Custom |
A $150,000 Portland double close costs $1,875. No upfront or application fees.
What you’ll need
- Executed A-to-B purchase contract
- Executed B-to-C assignment or purchase contract
- Verified end buyer with proof of funds or pre-approval
- A single Maine closing attorney running both legs, same day
- Same-day closing scheduled on both sides
No credit pull, no income docs, no tax returns. Local note: with fewer high-volume closers in Maine, confirm your attorney has run a same-day double close before scheduling.
A typical Maine double close scenario
You contract a tired cape in Lewiston at $120,000 and resell to a local landlord at $148,000. To keep the $28,000 spread private, you double close at one Maine attorney’s office. We wire $120,000 to the attorney’s escrow by 9 AM, the A-to-B records, the B-to-C records right after, and our principal plus a $1,500 fee is repaid from the buyer’s proceeds the same day.
Apply
Send both contracts and end-buyer verification through the online form. Complete files before 11 AM Eastern can fund same-day; standard turnaround is about 48 hours to wire-ready.
Frequently Asked Questions
Does Maine require an attorney to handle a double close? +
Maine is an attorney-closing state — a licensed Maine attorney conducts the closing and examines title rather than a title-only escrow officer. For a double close, having one attorney run both the A-to-B purchase and the B-to-C resale on the same day keeps the funds cycle tight. We require a single Maine attorney or closing office handling both legs. In a smaller market like Maine, line up that attorney early; experienced same-day double-close closers are fewer here than in high-volume states.
How does Maine's wet-funding rule affect double close timing? +
Maine is a wet-funding state, so funds must be in the attorney's escrow before the deed records — no closing on a promised wire. We wire to the closing attorney by 9 AM Eastern on closing day and confirm receipt before either leg executes. With a complete file in before 11 AM Eastern the prior day, a Maine double close can fund same-day. Maine's rural registries can affect recording cadence, so confirm timing with your attorney.
Is wholesaling legal in Maine? +
Maine has not enacted the wholesaler-licensing statutes seen in Illinois, Oklahoma or Pennsylvania. You hold equitable interest under a purchase contract and can resell it, but you should disclose that interest and avoid marketing property you don't own. A double close avoids assignment-disclosure questions entirely because you take title on the A side. Maine's wholesale market is small, so confirm any disclosure obligations with a Maine real estate attorney.
Apply for Double Close Funding in Maine
Submit your application online — same-day decisions for complete files before 2 PM Eastern.