Best Transactional Lenders for Double Closings
A transactional lender provides short-term funding for double closings in wholesale real estate. You borrow money for a few hours to close with the seller (A-to-B transaction), then immediately close with your end buyer (B-to-C transaction) and repay the loan from the proceeds. The best transactional lenders fund quickly, charge reasonable fees, and work with title companies familiar with wholesale closings.
Transactional Lender Comparison
| Lender | Fee | Max Amount | Funding Speed | Same-Day | States |
|---|---|---|---|---|---|
| Best Transaction Funding | 1-2% of purchase | $2M+ | 24-48 hrs | Yes | Nationwide |
| Coastal Funding Group | 1.5-2.5% | $1M+ | 24-48 hrs | Yes | Nationwide |
| Investor Funding Group | 1-2% | $1M+ | 48 hrs | Yes | Most states |
| Fund & Grow | Varies | $500K | 5-7 days | No | Nationwide |
| Private lenders | Negotiable | Varies | Varies | Depends | Local |
How Transactional Funding Works
In a double closing, you are briefly the owner of record between two back-to-back transactions:
- A-to-B closing: You (B) buy from the seller (A) using the transactional lender's funds
- B-to-C closing: You (B) immediately sell to your end buyer (C) at a higher price
- Repayment: The lender is repaid from the B-to-C closing proceeds, typically within hours
You need transactional funding when your end buyer's title company or lender will not allow an assignment of contract, which is increasingly common with institutional buyers and conventional financing.
1. Best Transaction Funding
Fee: 1-2% of purchase price | Max: $2M+
One of the most established transactional funding providers. Same-day closings available. Works with most title companies nationwide. Proof of end buyer (signed B-to-C contract) required before funding.
2. Coastal Funding Group
Fee: 1.5-2.5% of purchase price | Max: $1M+
Nationwide coverage with same-day capability. Slightly higher fees but reliable funding even for larger transactions. Experienced working with wholesale-friendly title companies.
3. Investor Funding Group
Fee: 1-2% of purchase price | Max: $1M+
Competitive pricing with straightforward requirements. Funds within 48 hours of complete package submission. Covers most states.
4. Private Lenders
Local private lenders or hard money lenders sometimes offer transactional funding. Terms are negotiable. Relationships matter. If you do consistent volume, a local private lender may offer better terms than national providers.
Assignment vs Double Closing
Transactional funding is only needed for double closings. Assignment of contract is simpler and cheaper (no funding needed), but some situations require a double close:
- End buyer's lender prohibits assignments
- Seller does not want assignment language in the contract
- Large spread you prefer to keep private
- Title company will not process an assignment
For most wholesale deals, try assignment first. Use double closing when assignment is not possible. For a detailed comparison, see our assignment vs double close guide.
Finding Your Deal First
Before you need transactional funding, you need a deal and a buyer. For finding and analyzing deals, see our wholesale software comparison. For finding end buyers, see best buyer finding software.