Double Close Funding in Virginia | Swift Deal Funding
Double Close funding in Virginia
Double close funding lets a Virginia wholesaler buy a property from the seller (the A-B leg) and resell it to an end buyer (the B-C leg) on the same day, at the same settlement office, without ever using your own capital to bridge the gap. We fund the A-B purchase; you collect your spread when the B-C closes minutes later. Funded amounts in Virginia commonly run $150,000 to $500,000, and we have capacity past $100 million on a single transaction.
The Commonwealth is a two-speed market. Northern Virginia — Fairfax, Arlington, Loudoun, and the broader DC-metro ring — carries some of the highest prices on the East Coast, which routinely pushes double-close deals above the $1 million mark into our lower fee tier. Hampton Roads is the opposite story: a steady churn of inventory driven by military PCS moves around Norfolk, Virginia Beach, and the Naval Station, where wholesalers move volume on tighter spreads. Richmond sits in between with a deep, active investor bench.
How a double close closes in Virginia
Virginia operates under CRESPA — the Consumer Real Estate Settlement Protection Act — so your settlement can be run by a licensed settlement agent or a closing attorney. The practical requirement for us is the same either way: one office controls both legs. Because Virginia is a wet-funding state, that office can disburse against our wire at the table, so the A-B and B-C settle back-to-back without waiting on the circuit court recording. We wire to the settlement agent by 9 AM Eastern, the A-B funds, the B-C closes, and our repayment comes straight off the end buyer’s proceeds — usually inside the same morning.
Pricing for Double Close in Virginia
Tiered flat fee on the funded amount, collected on the settlement statement. No application or upfront cost.
| Funded Amount | Fee Rate | Example |
|---|---|---|
| Up to $1,000,000 | 1.25% | $400K Richmond deal = $5,000 |
| $1M – $10M | 1.0% | $1.4M Loudoun deal = $14,000 |
| $10M+ | Custom | Contact for structure |
You pay only if the deal funds and closes.
What you’ll need for Double Close in Virginia
- Fully executed A-B purchase contract
- Fully executed B-C assignment or purchase contract
- Verified end buyer with proof of funds or a financing pre-approval letter
- Same-day settlement scheduled for both legs
- A single Virginia settlement agent or closing attorney handling both transactions
No credit pull, no income docs, no tax returns — the contracts and end-buyer verification underwrite the deal.
A typical Virginia double close scenario
A wholesaler ties up a townhome in Manassas at $385,000 and has a rehabber under contract at $432,000. The end buyer is using a hard-money lender with a clean proof-of-funds letter. We wire $385,000 to the Fairfax settlement agent by 9 AM. The A-B settles, the agent immediately runs the B-C, and our funds plus the 1.25% fee ($4,812.50) come off the end buyer’s proceeds at the table. The wholesaler walks with the spread the same day, having never touched the principal.
Apply for Double Close funding in Virginia
Send both contracts and your end-buyer verification through the online application — usually under ten minutes. Standard turnaround is ~48 hours to wire-ready; same-day is on the table for complete files in before 11 AM Eastern.
Frequently Asked Questions
Can a Virginia settlement agent handle both legs of my double close? +
Yes. Virginia runs on the Consumer Real Estate Settlement Protection Act, so either a CFPB-registered settlement agent or a closing attorney can settle your A-B and B-C legs. We require one settlement office handling both — that single point of control is what lets the A-B fund, B-C close, and our repayment all happen in one sitting. Confirm the office is comfortable running consecutive settlements before closing day; most Northern Virginia and Hampton Roads firms do this routinely. Always verify specifics with your settlement agent.
Is Virginia a wet or dry funding state for a double close? +
Virginia is a wet-funding state, which works in your favor on a same-day double close. The settlement agent can disburse against our wired funds at the table rather than waiting for the deed to record, so the B-C leg follows the A-B without a recording delay between them. We wire to the settlement agent by 9 AM Eastern on closing day. Recording timelines still vary by Virginia circuit court, so confirm the disbursement sequence with your settlement agent in advance.
How quickly can you fund a double close in the DC-metro or Hampton Roads markets? +
Standard turnaround is about 48 hours from a complete file — both contracts, the assignment, and verified end-buyer proof of funds. For deals in Fairfax, Arlington, Loudoun, or the Virginia Beach–Norfolk corridor, files complete before 11 AM Eastern can wire the same day. Northern Virginia price points often push deals into our 1.0% tier, so it pays to have the end buyer's financing letter ready when you apply.
Apply for Double Close Funding in Virginia
Submit your application online — same-day decisions for complete files before 2 PM Eastern.