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Program 05
Transactional Funding in Greensboro
Transactional funding that carries a Greensboro double close.
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. A Greensboro or Winston-Salem double close pays North Carolina excise tax on both legs, in Guilford and Forsyth alike. 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 Greensboro, answered.
Do I need a broker's license to wholesale in Greensboro?
Not under current law. House Bill 797, the "Residential Property Wholesaling Protection" bill that would fold wholesaling into North Carolina's broker-license definition, passed the House 103-0 but has sat in the Senate Rules Committee since 2025-05-01 with no ratification and no session law number. It is not law. A lot of investor blogs still describe a broker-license requirement that took effect October 1, 2025; that requirement does not exist yet. The lopsided House vote makes the direction of travel clear, so talk to a North Carolina real estate attorney about your specific contract and assignment language, and re-check HB 797's status before you rely on this answer.
Does closing twice in one day double my North Carolina transfer tax on a Greensboro double close?
Yes, both legs pay it, but the rate is low and flat. North Carolina's excise tax on conveyances is $1 per $500 of consideration, 0.2%, paid by the seller before the deed records. On a double close each leg is a separate conveyance, so the A-to-B sale and the B-to-C sale each pay their own 0.2%, calculated on their own price. Neither Guilford County nor Forsyth County levies an additional local land transfer tax; only seven far-northeastern coastal counties do, and none of them touch the Triad. Add flat recording fees under state law and no mortgage or intangibles tax on the deed of trust, and the tax line on a Greensboro or Winston-Salem double close stays simple even with two closings.
Can I close the A-to-B and B-to-C legs myself, or does an attorney have to run it?
A licensed North Carolina attorney has to be responsible for the closing. The North Carolina State Bar reads the state's unauthorized-practice statutes as barring a non-attorney from handling a residential real estate closing: a non-lawyer can present documents, point to signature lines, and receive and disburse funds, but only a licensed attorney can give a title opinion or be responsible for the closing itself. That means every leg of your double close, in Guilford or Forsyth County, runs through a closing attorney's trust account, not a title company's escrow desk. Line up an attorney's office that works investor volume and can run both legs the same day before you go under contract.
Is a Greensboro contract worth more to my end buyer than the same deal in Winston-Salem?
The tax stack differs enough to matter in your pitch to a buy-and-hold end buyer, but don't overstate it. A Greensboro investor carries 1.588 per $100 of assessed value, Guilford County's 0.7895 plus the city's 0.7985, against Winston-Salem's 1.143, Forsyth County's 0.554 plus the city's 0.589. That looks like a 44-cent gap per $100, but Guilford's 2026 bills are still running on pre-2026 values under a one-year reappraisal moratorium imposed by state law, while Forsyth's 2025 reappraisal is already in its bills. Set Guilford's own revenue-neutral estimate of 58.54 cents against Forsyth's 55.40-cent county rate and the real gap is closer to three cents than 44. Do not sell a Greensboro assignment on "lower taxes than Winston-Salem" without that caveat, and if your end buyer wants to finance the hold instead of paying cash, our DSCR rental loan qualifies on the property's rent rather than their tax returns.
How does North Carolina's foreclosure process affect the timing of distressed deal flow around Greensboro?
Title does not pass at the auction, so build in more lead time than a first-Tuesday state. North Carolina forecloses through a clerk of superior court hearing rather than a courthouse-steps auction alone, and the sale stays open after the hammer falls: any bidder can file an upset bid within 10 days of the report of sale, and each new upset bid restarts that 10-day clock. A contested Guilford or Forsyth County sale can stay open for weeks before a buyer has clean title to assign or double-close. Line up your funding and your end buyer against the date the upset-bid period actually runs out clean, not the auction date. Talk to your attorney about where a specific sale stands before you contract around it.
What if my double close falls apart and I end up holding the property?
You can pivot to a rehab loan instead of losing the deal. If your B-to-C buyer walks or their financing falls through, you are not stuck; our fix and flip loan funds up to 90% of purchase and 100% of rehab so you can renovate and resell instead of eating the carry on an assignment gone sideways. That is a separate underwriting decision from transactional funding, and either way you are still closing through a licensed North Carolina attorney's trust account. Talk to us before your closing date, not after, so we can have terms ready if you need the fallback.
Do I need money of my own to fund a Greensboro double close?
Not for the A-to-B leg itself. Transactional funding covers up to 100% of the purchase on that first leg, priced as a flat fee rather than a rate, for a term measured in days rather than weeks. What you do need is your closing costs and the North Carolina excise tax on the conveyance, plus a B-to-C buyer who is genuinely ready to close, because both legs run through a licensed North Carolina attorney's trust account on the same day. Subject to underwriting.
Does my credit score matter for transactional funding in Greensboro?
No. There is no credit check on this program at all. There is also no appraisal, because the loan lives only as long as it takes to record both deeds in Guilford or Forsyth County. What we underwrite instead is the simultaneous close: a real end buyer, a real closing date, and an attorney's office that can run both legs the same day. If your end buyer walks and you end up holding the property, a rehab loan is the fallback, and that one does get underwritten on its own terms. 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 Greensboro
Other programs in Greensboro
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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