Double Close Funding in Norfolk, VA | Swift Deal Funding
Double Close Funding in Norfolk, VA
A double close lets a Norfolk wholesaler buy from the seller (A-to-B) and resell to the end buyer (B-to-C) the same day, through one settlement agent, without revealing your spread. Swift Deal Funding is a direct lender that wires the A-to-C capital so both legs fund cleanly. With Norfolk’s median sale price near $320,000, this often means funding low-six-figure purchases in neighborhoods like Ghent and Ocean View — with capacity to $10M+ on larger deals.
No credit pull, no income docs, no tax returns. We underwrite the executed contracts and a clean title.
How Double Close closes in Norfolk
Virginia is both a wet-funding state and a CRESPA settlement-agent state: a licensed settlement agent — a title company or an attorney — handles the closing, and money must be in escrow before it. We wire to your settlement agent by 9 AM Eastern, and the double close requires one agent running both legs the same day.
Norfolk’s defining feature is the Navy. Naval Station Norfolk is the largest naval base in the world, and PCS orders move service members on short notice — creating motivated sellers who need certainty and a constant flow of relocating buyers. That deal velocity is tailor-made for the same-day double close, where speed is the whole point. The local caveat is water: tidal flooding affects low-lying areas, so flood-zone status and insurance can shape a financed end buyer’s ability to close on time. Square those early. Standard turnaround is about 48 hours from a complete file; same-day is possible before 11 AM ET. Confirm specifics with a local Virginia settlement agent.
Pricing
Tiered flat fee on the funded amount, collected on the settlement sheet — nothing upfront:
| Funded Amount | Fee Rate |
|---|---|
| Up to $1,000,000 | 1.25% |
| $1M – $10M | 1.0% |
| $10M+ | Custom |
You pay only if the deal funds and closes.
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 financing
- Same-day closing scheduled for both legs
- A single Virginia settlement agent (title or attorney) handling both legs
Norfolk note: confirm flood-zone status and any flood-insurance requirement so a financed B-to-C buyer can close the same day.
A typical Norfolk double close scenario
A service member under PCS orders needs to sell fast; you tie up the Ocean View home at $255,000 (A-to-B) and have a relocating buyer at $295,000 (B-to-C), same-day at one Virginia settlement agent. We wire the $255,000 for the A leg by 9 AM. The B-to-C closes minutes later; the agent repays our $255,000 from the end buyer’s proceeds and remits our 1.25% fee ($3,187.50) off the statement. Your spread before costs is about $40,000 — and the seller hits their move-out deadline.
Apply
Send your two contracts and end-buyer verification through the online application. Most files are wire-ready in about 48 hours; submit before 11 AM ET for same-day consideration.
Frequently Asked Questions
Who can settle a Norfolk double close — title company or attorney? +
Either. Virginia is a CRESPA state (Consumer Real Estate Settlement Protection Act), so a licensed settlement agent — which can be a title company or an attorney — handles closings. The double close requires one settlement agent running both the A-to-B and B-to-C legs the same day so the chain stays clean and our funds repay from end-buyer proceeds at the table. Virginia is also a wet-funding state, so we wire to that agent by 9 AM Eastern on closing day.
Does Naval Station Norfolk activity help double close deals? +
It creates volume. Norfolk is home to the world's largest naval base, and PCS (permanent change of station) orders move service members on tight timelines — producing motivated sellers who need a fast, certain closing and a steady stream of relocating buyers. That's ideal for a same-day double close, where speed is the product. We fund A-to-C in about 48 hours from a complete file so you can match a PCS seller's deadline without exposing your spread to the end buyer.
How do Norfolk flood zones affect a double close? +
Tidal flooding is a real factor in low-lying Norfolk neighborhoods, so flood-zone status and insurance requirements can affect the end buyer's financing and the settlement agent's title work. The funding itself isn't flood-dependent, but a financed B-to-C buyer may need flood insurance bound before closing. Confirm flood-zone and insurance items early so the B-to-C leg is ready to close the same day as the A-to-B. Verify specifics with a local Virginia settlement agent.
Apply for Double Close Funding in Norfolk, VA
Submit your application online — same-day decisions for complete files before 2 PM Eastern.