Direct private lending in most states
Call us anytime at 512-617-9400
Apply now
Program 06

Transactional Funding in San Luis Obispo

San Luis Obispo transactional funding for wholesalers' double closes.

We fund the A-to-B leg of a double close so you can close the B-to-C leg the same day, financing up to 100% of the purchase price with no credit check and no appraisal on a term measured in days, not weeks. Every county recording runs through the SLO County Clerk-Recorder, and San Luis Obispo's escrow-driven closing table is the same one your wholesale deal already uses. Pricing is a flat fee, repaid from the simultaneous resale. Business-purpose funding only, subject to underwriting.

Transactional Funding in San Luis Obispo, CA from USA Mortgage
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
Apply now

*Typical terms, subject to underwriting and market conditions.

Local FAQ

Transactional Funding in San Luis Obispo, answered.

Does California require a wholesaler's license or cap what I can charge on an assignment in San Luis Obispo County?
No bespoke wholesaling statute exists in California, and no assignment-fee cap or count has been verified for San Luis Obispo County. The governing rule is the state's broker-license definition: acting for another person for compensation in selling real estate or negotiating a loan requires a DRE license under Business and Professions Code section 10131. Treat any blog citing a specific wholesaling law for California as unverified, and talk to your attorney about how your structure is licensed.
Why does the A-to-B leg on my double close need to be wired instead of a check?
California's good funds statute makes a wire same-day disbursable and a check is not. Insurance Code section 12413.1 lets an escrow or title entity disburse cash and electronic payments, wires included, on the same business day they're deposited; a check or draft has to clear collection first. Transactional funding exists to put same-day money into escrow on the A-to-B leg so your B-to-C leg can close right behind it.
Will a San Luis Obispo County title company do a back-to-back same-day double close?
That is a question for the title or escrow company on your specific deal, not something we can promise as a county norm. No source confirms whether San Luis Obispo County title companies underwrite same-day double closes, or on what conditions, and every wholesaling blog claiming otherwise falls short of a citable source. Confirm capacity with your title company before you count on a same-day turn.
Does a double close in San Luis Obispo County pay transfer tax twice?
Yes. San Luis Obispo County's documentary transfer tax is $1.10 per $1,000 of price countywide, split $0.55 city and $0.55 county with no charter-city add-on, even in the city of San Luis Obispo. A double close records two conveyances, so that tax is paid twice: about $2,200 round trip on a $1,000,000 property. It's a small line item, not a burden, and it's worth pricing into your assignment fee.
Is San Luis Obispo County an attorney-closing state, and who runs escrow on my deal?
No attorney is required at closing anywhere in California; this is an escrow state. Northern California custom typically has the title company run escrow, while Southern California more often uses a separate independent escrow company, and San Luis Obispo County sits on the seam between the two with no source placing it on either side. Ask your title or escrow company directly which model they use on your transaction before you build a closing timeline around it.
Where does a wholesale deal in San Luis Obispo County get recorded?
Every conveyance in the county, incorporated city or unincorporated community, is recorded with the San Luis Obispo County Clerk-Recorder at 1055 Monterey Street. That includes deals in the seven cities and in unincorporated communities like Los Osos, Templeton, Nipomo, Cambria, Cayucos and Avila Beach: one recorder's office and one documentary transfer tax rate across the entire county.

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
Browse all guides
Compare

Transactional Funding vs. other options

Comparison
Transactional Funding vs Hard Money
See the comparison
Comparison
Assignment vs Double Close
See the comparison
More in San Luis Obispo

Other programs in San Luis Obispo

Second MortgageKeep your first mortgageFix 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
All San Luis Obispo loan programs
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 2026-08-28.

Funding San Luis Obispo deals fast.

Get real terms, usually same day. No obligation, no hard credit pull to start.

Apply nowTalk to us