Lobeling Capital
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Ohio · OH

Transactional funding in Ohio

Lobeling Capital funds the A-to-B leg of double closings in Ohio: 1% of the purchase price with a $1,000 minimum, approval within 24 hours, no credit check, and the wire goes to the closing agent before your A-to-B closes.

Wholesaling law in Ohio

Rule
Seller disclosure law (2026)
Citation
Ohio Rev. Code § 5301.95 (Senate Bill 155, signed December 2025)
Effective
March 2, 2026

Ohio’s first wholesaling statute applies when someone contracts to buy a one-to-four-unit residential property intending to assign or novate the contract. Before the contract is signed, the wholesaler must hand the seller a separate disclosure in bold 12-point type, signed and dated by both parties, explaining the wholesaler’s role, that they may profit, and that the property may be sold below market value. Without it, the seller can cancel at any time before closing and get earnest money back within 30 days. Violations are enforceable under the Consumer Sales Practices Act.

What it means for a double close

The statute is written around the intent to assign or novate. A double close, where you take title and resell as the owner, is a different structure and is not what the disclosure targets. If your contract still allows assignment, the safe practice is to give the disclosure anyway.

How closings work in Ohio

Title or escrow company closings

Closings here are typically handled by a title or escrow company. We wire directly to the title company’s escrow account, and both legs of the double close must close at that same company.

Ohio is a title-company state and double closes are routine at most title agencies in Columbus, Cleveland and Cincinnati. Confirm the agency will close both legs the same day before you lock your B-to-C date.

Funding a double close in Ohio

  1. 1Send us your A-to-B purchase contract and B-to-C resale contract with the closing date.
  2. 2We review the deal, not your credit, and approve within 24 hours.
  3. 3Funds are wired to the closing agent handling both legs before the A-to-B closes.
  4. 4The B-to-C closes, our funding is repaid from the proceeds, and you keep the spread.

Sources

General information, not legal advice. Last reviewed October 2, 2026. Statutes change; confirm current rules with an attorney licensed in Ohio.