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Program 05
Transactional Funding in Charlotte
Charlotte wholesalers get transactional funding for the first closing.
For wholesalers and assignment deals, we fund the A-to-B leg so you can close the B-to-C. Short-term transactional capital that bridges the gap and keeps your deal on schedule. Every Charlotte closing runs through a North Carolina attorney's trust account, not a title company escrow desk. Business-purpose only, and every structure is set in underwriting.
Same-day
funding
100%
of purchase
Days
not weeks
No credit
check
Typical figures, subject to underwriting and market conditions. Not a commitment to lend.
How it works
Funding is typically same-day with flat-fee pricing and no appraisal or credit check, since the loan is repaid from the simultaneous resale. Bring us the closing docs and we handle the rest.
Who it's for
Wholesalers
Assignment and double closes
Back-to-back closings
Time-sensitive resales
Typical terms
UseFunds the A-to-B leg
LeverageUp to 100% of purchase
TermDays, not weeks
PricingFlat fee
UnderwritingNo credit / appraisal
CloseSimultaneous
*Typical terms, subject to underwriting and market conditions.
Local FAQ
Transactional Funding in Charlotte, answered.
Does North Carolina require a broker's license to wholesale in Charlotte?
Not currently. A bill often cited as settled law, HB 797, the Residential Property Wholesaling Protection Act, is not in effect. It passed the NC House unanimously in April 2025 but has sat in the Senate Rules Committee since May 2025 with no ratification and no session law number. As written, it would fold residential wholesaling into the broker-license definition and apply to contracts signed on or after October 1, 2025, but only if it becomes law. Under the state's baseline rule, a bona fide party to a purchase contract can assign their own contract rights without a license, the standard owner or principal exemption. Treat wholesaling as legal but under legislative scrutiny, re-check the bill's status before you rely on this, and talk to a North Carolina real estate attorney about your specific contract.
Do I pay the deed stamp tax twice on a Charlotte double closing?
Yes, once on each leg. North Carolina's excise tax on conveyances is $1 per $500 of consideration, 0.2%, paid by the seller before the deed can record. A double close is two separate transactions, A to B and then B to C, so the tax applies to both. Mecklenburg County is not one of the seven counties, all on the far northeastern coast, that layer on an additional 1% local land transfer tax, so a Charlotte deal pays only the state rate on each leg. On a $250,000 A-to-B leg that's $500, paid by the A-side seller; the B-to-C leg is taxed the same way on its own price.
Can a title company run both legs of my Charlotte double close, or do I need an attorney?
You need an attorney either way. North Carolina reads its unauthorized-practice statutes to require a licensed NC attorney to be responsible for a residential closing, so every purchase and every resale runs through a closing attorney's trust account, not a title company escrow desk the way it might in Texas. A non-attorney can present documents, direct signatures, and handle funds, but cannot give a title opinion or advise on how to take title. For a same-day double close, confirm with the closing attorney's office before you go under contract that they can run two closings off the same file in one day. If your end buyer wants to hold rather than flip the assignment, our DSCR rental loan is the next call after this closes.
Why is Charlotte producing wholesale deal flow right now?
Rising inventory and softening prices are putting more sellers in a hurry. Active listings in the Charlotte metro were up 16.5% year over year as of July 2026, and about 48% of active listings had taken a price cut. Median days on market rose to 57, up from 53 a year earlier. That combination, more competition for sellers plus a slower sale, is what generates assignable and double-close contracts at a discount. It's a market-timing observation, not a legal one, and it moves with the data.
Is a business-purpose double-close loan subject to North Carolina's usury cap?
No. NCGS 24-9 exempts a loan from Chapter 24's rate and fee limits if the borrower is anything other than a natural person, meaning any LLC, corporation, or partnership, or if the loan is for a purpose other than personal, family, or household use. A double-close loan to a wholesaling entity clears both tests. That's the same statutory structure that lets us price transactional funding as a flat fee rather than a capped interest rate. Confirm entity structure and purpose with your CPA or attorney before closing.
Does closing twice in Charlotte cost more than one closing?
You're paying two sets of closing costs, including two deed stamp charges and two recording fees, but neither is negotiable and neither is a shopping decision. Recording a deed of trust runs a flat $64 for the first 35 pages plus $4 per additional page, and a general instrument like a deed runs $26 for the first 15 pages plus $4 per additional page, under the statewide fee schedule. North Carolina has no separate mortgage or intangibles tax on the note itself, only the excise tax on the conveyance covered above. The bigger cost driver on a Charlotte double close is usually the closing attorney's fee for running two files same-day, which is worth confirming up front.
Do I need to bring my own money to a Charlotte double close?
No. We fund up to 100% of the purchase on the A-to-B leg. That is the point of the program: you close A to B with our capital and repay it out of the B-to-C closing. Pricing is a flat fee, not a rate. What you still cover in Charlotte is the closing side, and there are two of them: North Carolina's excise tax runs $1 per $500 of consideration on each conveyance, and each leg records its own documents. Subject to underwriting.
How long do I have the money on a Charlotte A-to-B leg?
Days, not weeks. Transactional funding is built for a simultaneous close, so the loan exists between your purchase and your resale and comes back out of the second closing. There is no credit check and no appraisal, which is why it can move on that clock. One Charlotte-specific item to line up: North Carolina requires a licensed attorney to be responsible for a residential closing, so confirm the office can run both files in one day before you go under contract. Subject to underwriting.
More Transactional Funding questions, answered on the program page
Resources
Guides for Transactional Funding
Fix and Flip · 6 min read
Fix and Flip Loan Requirements: What You Need to Get Funded
Read the guide Transactional · 4 min read
What Is Transactional Funding? (Double Closings for Wholesalers)
Read the guide Fix and Flip · 5 min read
Can You Fund a Fix and Flip With No Money Down?
Read the guide Getting Funded · 4 min read
How Fast Can a Hard Money Loan Close?
Read the guide Compare
Transactional Funding vs. other options
More in Charlotte
Other programs in Charlotte
Fix and FlipUp to 90% / 100% rehabRental / DSCR30-yr fixed, DSCR from 0.75Ground-Up ConstructionUp to 70% LTV, most statesCRE BridgeUp to $10M, 24-36 moBank Statement / No-DocNo tax returns requiredConventional InvestmentNon-owner-occupied investmentPortfolio LoansMultiple properties, one loanCRE PermanentLong-term agency & permSBA Financing7(a) & 504 placement
About the local figures on this page
Local rules move. Every tax rate, fee, ordinance and market figure here comes from a primary source and carries the date we read it, and we correct them as the rules change. Where a number is mid-change or we could not verify it, we say so rather than guess. Before you commit a budget, confirm anything that drives it with the city or county, and talk to your attorney or CPA on questions of law or tax.
Published by USA Mortgage Funding, LLC, NMLS #152588. Researched from primary sources by our team, drafted with AI assistance, and every figure checked against its source before publishing. Where an answer rests on a public record, that record is linked under it. Figures read on 2026-08-13.
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