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Program 05
Transactional Funding in Raleigh
Same-day transactional funding for Raleigh double closings.
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. In Wake County, assigning your own contract still takes no broker license, and HB 797 has not become law. 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 Raleigh, answered.
Do I need a broker's license to wholesale a Raleigh deal? I keep seeing HB 797 mentioned.
No, and HB 797 is not the reason. HB 797, the North Carolina bill that would fold residential wholesaling into the broker-license definition, passed the House 103-0 on 2025-04-30 and has sat in the Senate Rules Committee since 2025-05-01. It has not been ratified and carries no session law number, so despite what a lot of blogs claim, it is not current law. As it stands, a bona fide party to a purchase contract can assign their own contract rights without a license under North Carolina General Statutes Chapter 93A, the standard owner-principal exemption. Re-check HB 797's status before you rely on this, since a 103-0 House vote means it could move again.
Will I owe transfer tax on both legs of a Wake County double close?
Yes, North Carolina's excise tax applies to each conveyance, so it hits the A-to-B and the B-to-C legs separately. The state excise tax is $1.00 per $500 of consideration, 0.2%, payable by the seller (transferor) to the register of deeds before recording, under North Carolina General Statutes 105-228.30. Wake County levies no additional local transfer tax on top of that. Only seven counties in the state, all in the far northeastern coastal corner, add a local 1% land transfer tax, and none of them touches the Raleigh metro. Recording itself is a flat fee under NCGS 161-10, not a percentage: $64 for the first 35 pages of a deed of trust, $26 for the first 15 pages of a deed.
Who actually runs the closing on a Raleigh double close, a title company or an attorney?
A licensed North Carolina attorney has to be responsible for the closing. North Carolina is an attorney-closing state: the State Bar's Authorized Practice Advisory Opinion 2002-1 reads the state's unauthorized-practice statutes as barring a non-attorney from handling a residential closing, giving title opinions, or drafting the legal documents. A non-lawyer can present documents, direct signatures, and disburse funds, and the attorney doesn't have to be physically in the room, but the file runs through the attorney's trust account rather than a title-company escrow desk. Line up a Wake County closing attorney who works investor volume before you count on a fast turn.
Does Wake County's foreclosure process change how fast I need to line up funding for a distressed assignment?
It can, because a North Carolina foreclosure sale isn't final at the auction. The state runs power-of-sale foreclosures through a clerk of superior court hearing, then the sale itself sits open for at least 10 more days under the upset-bid process: any person can outbid the winning bidder by the greater of 5% or $750, and each new upset bid restarts the 10-day clock. A contested sale can stay open for weeks before title clears. If your A-side contract is tied to a distressed or post-foreclosure Wake County property, get transactional capital committed well before you expect the upset-bid window to close, not after.
If I end up keeping a Raleigh deal instead of assigning it, what changes on financing?
You'd move off transactional funding and onto a rehab loan sized to the work and the ARV. Some deals in this flat Raleigh-Cary market, median list price $450,000 as of July 2026, pencil better as a hold-and-renovate than a same-day flip, especially with days on market running around 54. If that's the call, our fix and flip program funds up to 90% of purchase and 100% of rehab instead of the 100%-of-purchase, same-day structure here. Talk to your closing attorney or CPA before you decide which structure fits a specific Wake County property.
Do I need money of my own to close a Raleigh double close?
We fund up to 100% of the A-side purchase. Pricing is a flat fee rather than a rate, and the money is in the deal for days, not weeks. What you still bring is the closing side: North Carolina is an attorney-closing state, so a licensed North Carolina attorney has to be responsible for the file, and the state excise tax of $1.00 per $500 of consideration hits the A-to-B and B-to-C legs separately. Budget those, not a down payment. Subject to underwriting.
If you run no credit and order no appraisal, what are you underwriting on a Raleigh deal?
The B-to-C close. Transactional funding is no credit and no appraisal by design, because the capital is only exposed for the length of a simultaneous close. What has to hold up is the end buyer: a real contract, real funds, and both legs recorded the same day. Line up a Wake County closing attorney who works investor volume before you count on that timing, since the attorney's trust account, not a title-company escrow desk, is what moves the money here. 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 Raleigh
Other programs in Raleigh
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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