Lobeling Capital
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Virginia · VA

Transactional funding in Virginia

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

Rule
Two-deal license threshold (2024)
Citation
Va. Code § 54.1-2100, as amended by H.B. 917 (2024); owner exemption at § 54.1-2103(A)(1)
Effective
July 1, 2024

Virginia’s 2024 amendment makes anyone who deals in real estate contracts, including assignable contracts, on two or more occasions in any rolling 12-month period for compensation a real estate broker. One assignment a year needs no license; the second does.

What it means for a double close

A double close is a principal transaction, not dealing in contracts. You take title in the first leg and sell your own property in the second, which the owner exemption in § 54.1-2103(A)(1) covers. Virginia wholesalers doing volume use double closes for exactly this reason.

How closings work in Virginia

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.

Virginia closings are mostly handled by title and settlement companies, with attorneys common in some areas. Both legs must settle with the same settlement agent.

Funding a double close in Virginia

  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 Virginia.