Direct answer
Double-close funding is short-duration capital used when an investor first acquires a property and then resells it through a second, separate closing.
Two transactions
Unlike an assignment, a double close involves an actual first acquisition followed by a separate resale. That means timing, title, settlement and funding coordination are critical.
What is reviewed
Providers generally need the acquisition and resale contracts, settlement details, requested capital, timing and evidence that the second transaction provides a viable repayment path.
Why investors use it
A double close may fit transactions where an assignment is not appropriate or where the parties prefer two separate transfers. Legal and transactional requirements can vary, so investors should use qualified local professionals.
Important: Financing availability, underwriting and terms vary by capital provider and transaction. J3 content is educational and is not a commitment to lend or a guarantee of financing.