Texas Investor Resource
Transactional Funding Checklist for Texas Double Closings
A double close only works when both sides are ready to close the same day. Here is what has to be in place before we fund the first leg.
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How a Texas double close works
In a double close you buy from the seller and resell to your end buyer the same day. You are in the middle: you buy the property from the seller (the A-to-B deal) and immediately sell it to your buyer (the B-to-C deal).
The catch is the money. Texas is a wet-funding state, so the cash to buy from the seller has to be real and at the table. The title company cannot pass your end buyer's funds through to cover your purchase. We fund that first leg, your end buyer's purchase pays us back the same day, and you bring no cash to the closing.
| A-B purchase price | $200,000 |
|---|---|
| B-C sale price | $230,000 |
| Funding provided | 100% of the A-B ($200,000) |
| Transactional funding fee | 1.5% ($3,000) - $1,500 minimum |
| Out of pocket at closing | $0 |
Illustrative only. Not a quote or a commitment to lend.
Your double-close checklist
Run down this list before you submit the transaction. If a line is not true yet, the deal is not ready to fund.
What it costs
- 1.5% Fee or a minimum of $1,500 to be paid at closing.
- No upfront fees, you only pay if your deal closes.
- We fund 100% of the entire purchase price and closing costs.
Published program terms, not a quote. Every deal is subject to title review, documentation, and approval. See the full transactional funding program.
Fund a Texas double close
Send both contracts, the title company's contact, and your closing dates. If your end buyer's funds are confirmed at title, we can fund the A-to-B, often same day.
Reviewed by Blaine Covington, co-founder. General information, not legal, tax, or title advice. Every deal is different, and Cedar Top may ask for more or decline after review.