Double Close Funding in Riverside, CA | Swift Deal Funding
Double Close Funding in Riverside, CA
Riverside anchors the Inland Empire, one of California’s highest-volume entry-level investor markets, 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 Riverside escrow company.
With a median sale price around $580,000 — affordable by SoCal standards — Riverside draws heavy investor activity. The Inland Empire’s logistics and warehouse boom, driven by proximity to the Ports of LA and Long Beach, has added tens of thousands of jobs and steady housing demand. Value-add deals turn over in the historic Eastside, in Casa Blanca, and across the La Sierra corridor, where flippers and landlords compete for entry-level inventory. Funded amounts here commonly run $300,000 to $650,000, 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 Riverside
California is a dry-funding, escrow state. An independent escrow company holds the money, and it disburses only after the Riverside County Recorder confirms the deed has recorded — nothing releases at signing. The same-day double close is built to move with that record-first timing:
- You line up one investor-friendly Riverside escrow company to run both the A-to-B and B-to-C legs.
- We fund that escrow ahead of the close, so the money is sitting in trust before any recording happens.
- The A-to-B leg signs and the deed records with Riverside County; the seller is paid after that recording confirms.
- Minutes after, the B-to-C leg records; your end buyer funds, you take your spread, and we’re repaid from those proceeds once that recording confirms.
Because the payout waits on recording rather than signing, your escrow company’s recording cutoff sets whether both legs clear in one business day. SoCal typically runs this through independent escrow companies. Confirm same-day double-recording with your Riverside 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% | $580K deal = $7,250 |
| $1M – $10M | 1.0% | $1.3M deal = $13,000 |
| $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 Riverside-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: with heavy entry-level financed buyer activity, a cash or pre-approved end buyer keeps the same-day recording clean.
A typical Riverside double close scenario
A wholesaler ties up a value-add single-family home in Casa Blanca at $440,000 and has a fix-and-flip end buyer at $520,000. Rather than assign and show the $80,000 spread, the wholesaler books a double close at an independent Riverside escrow company that runs investor deals daily. We wire $440,000 into escrow before closing. The A-to-B deed records with Riverside County, the seller is paid, and minutes later the B-to-C records with the end buyer’s $520,000. We’re repaid $440,000 plus the 1.25% fee ($5,500) from proceeds. The wholesaler nets roughly $74,500, and the seller never sees the markup.
Apply
Submit both contracts and your end buyer’s proof of funds through our online form. We’re usually wire-ready in about 48 hours; a complete file submitted before 11 AM Eastern can fund the same day, with the wire out at 9 AM.
Frequently Asked Questions
How does California's escrow recording sequence affect a double close in Riverside? +
California is a dry-funding, escrow state, so an independent Riverside escrow company disburses only after the Riverside 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 records first, then the B-to-C, and our funded amount is repaid from B-to-C proceeds after recording. Sequencing both recordings the same business day is essential. Confirm the recording cutoff with your escrow company.
Does the Inland Empire logistics boom help end-buyer demand for double closes? +
It does. Warehouse and distribution growth near the Ports of LA and Long Beach has added tens of thousands of Riverside-area logistics jobs, fueling housing demand and a steady stream of working buyers and landlords — which deepens your end-buyer pool. A double close still needs the B-to-C leg ready to record the same day, so a cash or pre-approved end buyer keeps it clean. We underwrite on your two contracts and verified proof of funds, not the local jobs report. Confirm same-day recording with your escrow company.
Why double close instead of assigning a Riverside wholesale deal? +
To keep your spread off the seller's settlement statement. Riverside's median near $580,000 and high entry-level investor volume produce frequent value-add deals in the Eastside, Casa Blanca, and La Sierra. 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. Most Riverside deals sit in the 1.25% tier. Confirm disclosure language with a California attorney.
Apply for Double Close Funding in Riverside, CA
Submit your application online — same-day decisions for complete files before 2 PM Eastern.