Double Close Funding in Portland, OR | Swift Deal Funding
Double Close Funding in Portland, OR
Portland is a mature, infill-driven wholesale market, and a double close is how you protect your 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 Portland escrow office.
With a median around $540,000 and no statewide sales tax to muddy the closing math, Portland keeps demand steady on value-add homes in Cully, Lents, and St. Johns, where flippers and buy-and-hold landlords compete for older inventory. The rental side operates under Oregon’s SB 608 rent-control framework, which shapes how end buyers underwrite hold deals — worth knowing as you match buyers to inventory. Most Portland double closes fund under $1,000,000 and sit in our 1.25% tier. Funded amounts here commonly run $350,000 to $700,000, 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 Portland
Oregon is a dry-funding escrow state, and that sequencing defines a same-day double close. Funds disburse only after recording with the Multnomah County Recorder — nobody gets paid at the signing table:
- You line up one investor-friendly Portland escrow company to run both the A-to-B and B-to-C legs.
- We wire our A-to-B funds into that escrow office before closing, so cash is positioned ahead of signing.
- The A-to-B leg signs and the deed records with Multnomah County; the seller is paid once disbursement clears.
- The B-to-C leg records minutes later; your end buyer funds, you take your spread, and we’re repaid from those proceeds.
Because Oregon pays out after recording rather than at signing, Multnomah County’s recording cutoff determines whether both legs clear the same business day. Confirm same-day recording and disbursement 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% | $540K deal = $6,750 |
| $1M – $10M | 1.0% | $1.5M deal = $15,000 |
| $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 Portland-area escrow company handling both transactions
No credit check, no income docs, no tax returns. A local note: with Oregon disbursing after recording, build the schedule around your escrow company’s Multnomah County recording cutoff so both legs clear the same day.
A typical Portland double close scenario
A wholesaler ties up a 1920s home in Lents at $445,000 and has a buy-and-hold end buyer at $515,000. Rather than assign and show the $70,000 spread, the wholesaler books a double close at a Portland escrow office that runs investor deals. We wire $445,000 into escrow ahead of closing. The A-to-B leg records with Multnomah County, then the B-to-C records minutes later with the end buyer’s $515,000. We’re repaid $445,000 plus the 1.25% fee ($5,562) from proceeds. The wholesaler nets roughly $64,438 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 Oregon's dry-funding rule affect a Portland double close? +
Oregon is a dry-funding escrow state, so the escrow company disburses only after the deed records with Multnomah County — money doesn't move at signing. For a same-day A-to-B-to-C close, that recording step is the timing pivot. We wire the A-to-B funds into one Portland escrow office before closing; the A-to-B deed records, the B-to-C records minutes later, and disbursement including our repayment follows. Confirm Multnomah County's recording cutoff with your escrow company so both legs clear the same business day rather than rolling overnight.
Does Oregon's lack of sales tax change anything for a Portland double close? +
It simplifies the closing math. Oregon has no statewide sales tax and no real estate transfer tax in most of the state, so your Portland settlement statement carries fewer line items than many markets — recording fees and standard escrow charges, but no transfer-tax bite on either leg. That doesn't change how our funding works: we still wire the A-to-B, both legs record at one escrow office, and we're repaid from B-to-C proceeds. It just means cleaner statements. Confirm exact fees with your escrow company.
Why double close instead of assign on a Portland wholesale deal? +
To keep your spread off the seller's settlement statement. Portland's infill and value-add deals in Cully, Lents, and St. Johns can carry solid margins, and an assignment shows your fee on the closing docs where the seller sees it. A double close runs the A-to-B and B-to-C as separate transactions through one Portland escrow office — your number stays private. We wire the A-to-B funds, you resell minutes later, and we're repaid from B-to-C proceeds after Multnomah County records. Confirm equitable-interest disclosure language with an Oregon attorney.
Apply for Double Close Funding in Portland, OR
Submit your application online — same-day decisions for complete files before 2 PM Eastern.