Transactional funding
Same day transactional funding
for double closes
Same day capital for the A to B leg of a double close, so a wholesaler can buy from the seller and resell to the end buyer without the second closing waiting on the first. Priced per transaction, with no credit pulled.
Request fundingHow it works
A to B, then B to C, on one day
You have the property under contract and a buyer waiting. We fund your purchase from the seller so that closing happens on its own schedule, and the loan is repaid out of your sale to the end buyer at the second table the same day.
The money is the simple part. What we spend our time on is the part that actually decides whether the deal closes.
- A signed A to B contract and a signed B to C contract.
- An end buyer whose funds have been confirmed rather than described.
- One title company willing to run both closings on the same day.
- Proof of funds issued against the specific transaction, on request.
- Up to 100% of the purchase price on the A to B leg.
On the day, the order is fixed: the end buyer’s money reaches the closing agent, our wire for the A to B price lands, the seller is paid and your deed records, then the B to C leg closes and repays the loan. How to double close a wholesale deal walks through every stage, and title companies that do double closings covers finding the agent who will run both legs.
Who it is for
Wholesalers, and contracts that cannot be assigned
Transactional funding is built for wholesalers: an investor with a property under contract and an end buyer lined up, who needs to own it for a few hours rather than assign the contract. What transactional funding is covers when that is worth paying for, and double closing vs assignment of contract sets the two routes side by side.
- A contract that cannot be assigned, or a seller who will not consent to an assignment.
- A fee you would rather the end buyer did not see on the closing statement.
- An end buyer whose lender will not accept an assigned contract.
- A closing agent who requires the A to B leg to be funded on its own before the resale.
One end buyer it cannot help: an FHA-insured buyer cannot close the B to C leg of a double close, and the FHA 90 day flip rule explains why. Before you book funding, read what transactional funding costs, what a proof of funds letter can and cannot do with a seller, and how to choose a transactional funding lender.
What goes wrong
Three things kill a double close, and none is the money
The title company
Plenty will not run a same day double close at all, and they tend to say so late. Confirm it before the contract dates are set, not after.
The C side lender
A seasoning rule can refuse a property the seller has owned for hours. If the end buyer is financing, the rule belongs in the conversation on day one.
The end buyer
Proof of funds that does not survive a phone call is the most common failure, and the one that costs the wholesaler the deposit rather than the lender the money.
What it costs you
Priced per transaction, quoted on the deal in front of us. Two sets of closing costs are part of a double close and belong in your spread from the start.
Questions we get
Transactional funding, answered
- What is transactional funding?
- In real estate, transactional funding is same day capital that funds the A to B leg of a double close, so a wholesaler can buy from the seller and resell to the end buyer without the second closing waiting on the first. The loan is outstanding for hours, not months, and it is repaid out of the B to C closing.
- How does transactional funding work?
- Both sales go through one closing agent. The end buyer’s money reaches the agent first; the lender then wires the A to B purchase price, the original seller is paid, and the deed to the wholesaler records. The B to C sale closes next, the agent repays the lender its principal and fee out of the end buyer’s funds, and the remainder, after costs, goes to the wholesaler as the spread, usually the same day.
- What is double closing in real estate?
- A double closing is two sales of the same property, usually on the same day: the original seller sells to an investor (A to B), and the investor resells to an end buyer (B to C). Each leg has its own contract, deed, closing and settlement statement, and the investor has to fund the first purchase without relying on the end buyer’s money, which is what transactional funding is for.
- What do you need to fund a double close?
- A signed A to B contract, a signed B to C contract, an end buyer whose funds are confirmed, and a title company that will actually run both closings on the same day. Entrusted Capital funds the A to B leg and does not pull credit for it, because the deal repays itself at the second table.
- How much does transactional funding cost?
- It is priced as a one-time fee rather than an interest rate, commonly quoted in the market at about 1% to 2.5% of the amount funded, sometimes with a flat fee or a minimum on top, and it is paid out of the B to C proceeds. Entrusted Capital prices per transaction, quoted on the deal in front of it. Budget for two sets of closing and title charges as well, because a double close is two sales.
- What is a transactional lender?
- A lender that makes transactional funding: a same day loan for the A to B leg of a double close, repaid out of the B to C closing. Because the loan is repaid from the end buyer’s money within hours, a transactional lender underwrites the deal rather than the borrower: the two contracts, the end buyer’s funds and a closing agent who will run both legs.
- What usually kills a double close?
- Rarely the money. It is a title company that will not do a same day double close, a lender on the C side with a seasoning rule that refuses a property the seller has owned for hours, or an end buyer whose proof of funds does not survive a phone call. Settle those three before the money is booked.
- Do you provide a proof of funds letter?
- On request, against a real deal. A proof of funds letter is a statement that we are prepared to fund a specific transaction, which is why it is issued per transaction rather than handed out as a document to shop with.
- Is credit pulled for transactional funding?
- No. The A to B leg is underwritten on the transaction, not the borrower: two contracts, a verified end buyer, and one title company running both closings the same day.
From the blog
- Florida assignment of contract: how a wholesale contract is assignedThe three assignability boxes on the standard Florida contract, what the separate assignment agreement covers, the deposit, where your fee shows at closing, the doc stamp question, and the sellers and lenders that rule it out.
12 min
- Who pays doc stamps in Florida, and how much are they?The seller by custom and every party by law: Florida documentary stamp tax on deeds, notes and mortgages, how to work it out, the deeds that owe none, and why a double close pays it twice.
12 min
- What is a simultaneous closing in real estate?One phrase with several meanings: the same day resale, the version where the end buyer’s money pays the seller, why Florida title agents treat that one carefully, and the related terms back to back, concurrent and double escrow.
11 min
- Is wholesaling legal in Florida?Why Florida has no wholesaling statute, how Chapter 475 separates a buyer selling its own contract from an unlicensed broker, and how to assign or double close on the right side of that line.
12 min
- What is table funding, and is it the same as wet funding?The regulatory definition of table funding, why it is about whose name and whose money rather than timing, how wet and dry closings differ, and the California question answered carefully.
12 min
- Is double closing legal in Florida?What Chapter 475 says about wholesaling, why a same day resale is a lawful structure, where it turns into fraud, and the deed tax you pay twice.
11 min
- How to double close a wholesale deal, step by stepFrom a signed A to B contract to the spread in your account: the documents at each stage, the wires and cut-offs, the order of the day, and what to do when it slips.
13 min
- Double closing vs assignment of contract: which one fits the dealTwo ways to close the same wholesale deal, what each one shows and costs, and the contracts and lenders that make the choice for you.
12 min
- How much does transactional funding cost, and who pays it?The funding fee, the second set of closing costs, Florida documentary stamp tax on two deeds, who customarily pays what, and a worked example of the spread that is left.
13 min
- What a transactional funding proof of funds letter is, and when a seller will accept oneWhat the letter says and does not say, how a listing agent checks it, why a letter tied to the deal beats a generic one, and when a seller will insist on a bank statement instead.
10 min
- How to find a title company that will do a double closingWhy so many title agents and closing attorneys say no, the questions that tell you before you sign, and why the funding of the A to B leg decides the answer.
13 min
- Wet vs dry funding states: the full list, and why it decides your double closeEvery state, wet or dry, where the lists disagree, and what a gap between signing and funding does to a same day A to B and B to C.
12 min
- The FHA 90-day flip rule and the end buyer on your double closeWhat 24 CFR 203.37a and HUD Handbook 4000.1 actually say, how the days are counted, who the exceptions cover, and why an FHA buyer cannot close your B to C leg.
13 min
- How to choose a transactional funding lender: the questions that matterWhat to ask before you send a file, the answers that should end the conversation, and why the fee is the last number to compare.
13 min
- What transactional funding is, and when a wholesaler actually needs itSame day capital for the A to B leg, why the second closing cannot wait on the first, and the three things that kill these deals.
11 min
- Soft pull or hard pull: what shopping a loan really costs your scoreWhy quoting on a soft pull matters when you are calling four lenders in a week.
11 min
Two contracts and a title company
is the whole conversation
Tell us the closing date and who is on the other side of it. We fund the first leg so the second one can happen.