Our Process
Double Close Capital specializes in the financing of back to back transactions. Illustrated below is the improper way of funding this type of transaction as well as the Double Close Capital method.
The Old Way to Double Close (illegal):
The title company would take funds from the 'B to C' transaction to fund the 'A to B' transaction and the wholesaler would take the difference of the contracts. This means that one set of funds would close both transactions. This method of dry closing the 'A to B' transaction is not legal.
The New Way to Double Close (legal):
Double Close Capital would fund the 'A to B' transaction for the wholesaler/investor and then be repaid via the funds from the 'B to C' transaction. This method of double closing make two complete transactions with two sets of funds. This is the only legal and efficient way to consummate as many back to back closings as you, the real estate investor, can handle.
To complete the process, you will need to provide us with the following information:
- Contract on the A-B and B-C transactions
- Proof of Funds or Financing for the B-C transaction
- A COMPLETED Double Close Capital Application
We will review your information, contact your title company, and arrange closing.