Double Close Funding in Seattle, WA | Swift Deal Funding
Double Close Funding in Seattle, WA
Seattle is a high-dollar wholesale market where a single deal can carry a five- or six-figure spread, and a double close is how you protect that margin 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 Seattle escrow office.
With a median sale price around $870,000, even a modest percentage spread becomes real money here. Demand stays strong on value-add and infill deals from bungalows in Beacon Hill and Rainier Valley to older homes in White Center and the south end, fueled by the region’s tech employment base. Because so many properties cross the $1,000,000 mark, a lot of Seattle double closes land in our 1.0% pricing tier rather than the 1.25% tier. Funded amounts here commonly run $500,000 to $1,200,000, 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 Seattle
Washington is a dry-funding escrow state, and that sequencing defines a same-day double close. Funds disburse only after recording with the King County Recorder — nobody gets paid at the signing table:
- You line up one investor-friendly Seattle 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 King 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 Washington pays out after recording rather than at signing, the King County recording cutoff is what 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% | $870K deal = $10,875 |
| $1M – $10M | 1.0% | $1.2M deal = $12,000 |
| $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 Seattle-area escrow company handling both transactions
No credit check, no income docs, no tax returns. A local note: with Washington disbursing after recording, build the schedule around your escrow company’s King County recording cutoff so both legs clear the same day.
A typical Seattle double close scenario
A wholesaler ties up a 1940s bungalow in Rainier Valley at $640,000 and has a buy-and-hold end buyer at $735,000. Rather than assign and show the $95,000 spread, the wholesaler books a double close at a south-Seattle escrow office that runs investor deals. We wire $640,000 into escrow ahead of closing. The A-to-B leg records with King County, then the B-to-C records minutes later with the end buyer’s $735,000. We’re repaid $640,000 plus the 1.25% fee ($8,000) from proceeds. The wholesaler nets roughly $87,000 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 Washington's dry-funding rule affect a Seattle double close? +
Washington is a dry-funding escrow state, so the escrow company disburses only after the deed records with King County — money doesn't move at the signing table. For a same-day A-to-B-to-C close, that recording sequence is the timing pivot. We wire the A-to-B funds into one Seattle escrow office before closing; the A-to-B deed records, then the B-to-C records minutes later, and disbursement (including our repayment) follows. Confirm the King County recording cutoff with your escrow company so both legs clear the same business day.
Do buried oil tanks complicate double close funding in Seattle? +
Our funding doesn't hinge on them, but your end buyer's lender or insurer might, so flag them early. Older Seattle homes in Beacon Hill, Rainier Valley, and the north end frequently have decommissioned or buried heating-oil tanks, which can stall financing or require a remediation escrow holdback. We underwrite on your two contracts and a verified end buyer's proof of funds — not the tank — but a cash or pre-approved end buyer keeps the same-day close on schedule. Confirm tank disclosures and any holdback with your escrow company.
Why double close instead of assign on a high-priced Seattle deal? +
To keep a large spread off the settlement statement. With Seattle's median near $870,000, markups can be substantial, and an assignment shows your fee on the seller's closing docs. A double close runs the A-to-B and B-to-C as separate transactions through one escrow office, so the seller never sees your number. We wire the A-to-B funds, you resell minutes later, and we're repaid from B-to-C proceeds after King County records. Confirm equitable-interest disclosure language with a Washington attorney.
Apply for Double Close Funding in Seattle, WA
Submit your application online — same-day decisions for complete files before 2 PM Eastern.