Transactional Funding in Corpus Christi

We fund the double close. Section 1101.0045 covers assignments: you sell the option or assign the contract, with the equitable-interest disclosure in writing to seller and buyer. A double close is a different structure, two separate purchase-and-sale transactions, A to B and then B to C, used when a contract is non-assignable or when the wholesaler would rather the end buyer not see the A-to-B price. Our transactional funding covers the first leg and is repaid out of the simultaneous resale. No Corpus Christi-specific double-close norm or title-company practice was found in this metro's research, so treat this as the same statewide structure that applies anywhere in Texas, and confirm your title company's process before you go under contract.

No license, but two separate disclosure statutes apply, not one. Texas Occupations Code section 1101.0045 lets you acquire an option or an interest in a contract to purchase real property and then sell the option or assign the contract without a license, as long as you don't use it to broker and you disclose the nature of your equitable interest in writing to any seller or potential buyer. Miss that written disclosure and subsection (b) treats what you did as engaging in real estate brokerage, which is brokering without a license under section 1101.351. Separately, Property Code section 5.0205 requires its own written notice before you enter into the contract to sell an option or assign a purchase contract: to the potential buyer, that you are assigning an interest and do not hold legal title, and to the property owner, that you intend to assign. Both are statewide rules rather than Nueces County ones, so they read the same on every contract you write here. We're a lender, not your counsel, so have a Texas real estate attorney review your contract and disclosure language against both statutes.

Yes, and it is worth checking before you sign the B-to-C contract, not after. All three Corpus Christi MSA counties, Nueces, San Patricio and Aransas, sit in the Texas Windstorm Insurance Association's designated catastrophe area, and TWIA wrote 54% of Nueces County's residential wind exposure in 2025. TWIA eligibility requires the property be maintained in an insurable condition, in good repair with no unrepaired damage, and any work done since January 1, 1988, including a re-roof, needs a windstorm certificate of compliance (WPI-8) with the city's WPI-1 filed at permit. A property bought distressed and not yet repaired can fail that condition, which can leave your end buyer unable to bind wind coverage and therefore unable to close on schedule. Confirm the windstorm certification trail before you commit to a same-day second leg.

The market has been building inventory for two straight years and sellers are cutting price to move it. Active listings in the Corpus Christi MSA hit 3,796 in July 2026, up 30.7% from 2,905 in July 2024, median days on market ran 90, and about 26% of active listings had taken a price cut that month. Median list price was $349,450 in July 2026, down 4.8% year over year and down 9.2% from the July 2024 high. That combination, more listings sitting longer with more of them marked down, is the kind of soft, motivated-seller market that produces assignable wholesale contracts. It is also a market where the spread on any deal is made at purchase, not on appreciation, so underwrite the resale carefully.

You pay two owner's policies, but neither price is negotiable and neither is a shopping decision. Texas title insurance rates are promulgated by the Texas Department of Insurance under Insurance Code section 2703.151, so the premium is the same at every title company in the state, including in Nueces, San Patricio and Aransas counties. The Commissioner cut those rates 6.2% effective March 1, 2026. On the current schedule a $100,000 policy runs $780, and TDI's own worked example puts a $268,500 policy at $1,612. Texas also has no real estate transfer tax, and the constitution bars the Legislature from enacting one, so a same-day second closing triggers no state transfer levy. Since price is fixed, shop title on service and on whether the office will actually run a double close.

None of the purchase price, if the deal is clean. We fund up to 100% of the A-to-B purchase and get repaid out of the simultaneous B-to-C close. What you bring is the closing costs, and on a double close that means two owner's policies rather than one, priced identically at every title company in Texas because the state promulgates the rate. Our side is priced as a flat fee, not a rate, over a term measured in days, not weeks. Subject to underwriting.

Yes. There is no credit check and no appraisal on this program, so a first deal is not gated on your track record. What gates it is the other side of the trade: a signed B-to-C contract, an end buyer whose funds are actually ready, and a Corpus Christi title company that will run a simultaneous close. Confirm that last one before you go under contract, not the week of closing. Subject to underwriting.