Double Close vs. Assignment: Comparing the Structures

Compare two separate closings with assignment of a purchase contract, including funding and settlement considerations.

Immediate answer

A double close involves a purchase followed by a resale. An assignment transfers contractual rights to another buyer when permitted by the contract and applicable requirements.

Two closings

In a double close, the investor is the buyer in one transaction and the seller in the next. That can create a short-term purchase funding need and separate settlement costs. Confirm both closing timelines and repayment arrangements with the settlement agent.

Assignment of a contract

With an assignment, another buyer takes over contractual rights under an assignment agreement. Whether it is available depends on the contract, required consent and disclosures, and applicable law. It is not a substitute for reviewing the actual agreement.

Compare the full cost

Funding fees and time outstanding
Settlement, title, and recording charges applicable to each transaction
Contract assignment restrictions or required consent
End-buyer readiness and closing deadlines

Choose with your closing team

Have the settlement agent and your legal adviser review the proposed structure before you commit. FundFastr reviews double-close and Morby Method funding requests based on the actual documents and repayment plan.