Lobeling Capital
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South Carolina · SC

Transactional funding in South Carolina

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

Rule
Licensee wholesaling ban (2024)
Citation
S.C. Code § 40-57-30 and § 40-57-350, as amended by Act 204 of 2024 (H. 4754)
Effective
May 2024

South Carolina’s 2024 law defines wholesaling as holding a contract to buy residential property and marketing that property to a different buyer before taking legal ownership. It expressly says that assigning or offering to assign a purchase contract is not wholesaling. The prohibition applies to licensed brokerages and their agents, who may not engage in, represent others in, or assist with wholesaling. It does not, on its face, bar unlicensed investors.

What it means for a double close

This law is the inverse of most states. The conduct it names is marketing a house before you own it, which is what happens in the window between your A-to-B contract and the A-to-B closing, whichever way you exit. For unlicensed investors it is not a prohibition. If you or anyone on your team holds a South Carolina real estate license, get counsel’s read before touching a wholesale deal in any form.

How closings work in South Carolina

Attorney closings

Closings here are customarily handled by a licensed attorney rather than a title or escrow company. We wire to the closing attorney’s trust account and both legs of the double close must run through the same attorney.

South Carolina is an attorney-closing state: a licensed attorney supervises the closing. Line up one attorney to handle both legs, and expect them to want the B-to-C contract and our funding commitment before the A-to-B closing date.

Funding a double close in South Carolina

  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 South Carolina.