A Double Closing is the simultaneous purchase and sale of real property. In a typical double-closing scenario, a real estate investor acquires property from a seller at one price and immediately resells it to an end-buyer at a higher price. The difference between the two prices represents the investor’s gross profit. Double Closings are also commonly-referred to as simultaneous, back-to-back, or same-day closings.

We have, and will, handle double closings under limited circumstances:

• If an end-buyer is financing their sale, the lender must be informed that the transaction involves a double closing.
• If title insurance is to be issued at any point in the sequence of transactions, then each closing must be fully funded independently of all others. Pass-through funding is not permitted, and the proceeds from your sale cannot be used to fund your acquisition. Real world, this means every closing must stand on its own. You will need to fund your closing in cash or through transactional financing.
• The buy-side transaction cannot be a short sale.

As a practical matter, double closings are only possible if the end-buyer is paying with private money, hard money, or cash. No retail lender, in our experience, will approve a double closing transaction.

For our customers who would prefer to use transactional funding for their double closings, we have partnered with Pacific Trident Funding to offer you reduced-cost flat fee financing.