Pennsylvania · PA

Transactional funding in Pennsylvania

Lobeling Capital funds the A-to-B leg of double closings in Pennsylvania: 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 Pennsylvania

Rule: Licensing and disclosure law (2025)
Citation: Act 52 of 2024 (Senate Bill 1173), amending the Real Estate Licensing and Registration Act; Philadelphia adds a separate municipal ordinance
Effective: January 2025 (180 days after the July 8, 2024 signing)

Pennsylvania expanded the definitions of broker and salesperson to cover people who promote the sale of an equitable interest in property they do not own of record. Wholesale agreements must state prominently that the transaction transfers an interest without title, that the consumer may consult an appraiser and a lawyer, and that the consumer may cancel until the earlier of 30 days after signing or conveyance, with refunds within ten business days. The cancellation right cannot be waived.

What it means for a double close

Act 52 is broader than most state rules, and some summaries read it as removing the usual ownership exemption. Do not assume a back-to-back closing is outside it. The disclosure and 30-day cancellation facts above are clear; whether your double close structure needs a license is a question for Pennsylvania counsel before you market a deal here.

How closings work in Pennsylvania

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.

Pennsylvania closings are handled by title companies. Philadelphia layers its own wholesaler licensing ordinance on top of Act 52, so a Philadelphia deal has two sets of rules to clear.

Funding a double close in Pennsylvania

1Send us your A-to-B purchase contract and B-to-C resale contract with the closing date.
2We review the deal, not your credit, and approve within 24 hours.
3Funds are wired to the closing agent handling both legs before the A-to-B closes.
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 Pennsylvania.