Lobeling Capital
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Tennessee · TN

Transactional funding in Tennessee

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

Rule
Assignment disclosure law (2025)
Citation
Tenn. Code Ann. §§ 66-4-401 to 66-4-403 (Senate Bill 909, 2025)
Effective
March 25, 2025

Tennessee now defines wholesaling and equitable interest in statute and gives wholesalers an explicit legal path. Before the seller signs, the wholesaler must disclose in writing, in bold large-font type in the agreement or an addendum, that they intend to market or assign their interest. If the contract is assigned, the seller must be told the assignment’s effective date at least three business days in advance. The end buyer must also be told the wholesaler holds equitable interest, not title.

What it means for a double close

The disclosures are built around assignment. A double close involves no assignment and your end buyer purchases from you as the recorded owner, so the three-day assignment notice never triggers. If your A-to-B contract keeps an assignment clause, include the pre-contract disclosure to stay clearly compliant.

How closings work in Tennessee

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.

Tennessee is a title-company state, though attorneys handle many closings in Memphis and Nashville by custom. Either can run both legs of a double close.

Funding a double close in Tennessee

  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 Tennessee.