Has anyone actually closed a double close where the funder required proof of the end buyer before releasing terms?

What's your spread look like on the A-to-B versus what you think transactional funding is going to run, ballpark?

Because if the spread is wide enough, say 15k or more, most experienced end buyers in the wholesale space already know you're double closing and will sign a purchase agreement without blinking, which breaks the chicken-and-egg from the buyer side instead of the funder side. The funder problem is real but it's the harder wall to push on.

The sequence isn't backwards, that's just how transactional funders who got burned in 2021 and 2022 operate now. They watched too many wholesalers lock up end buyers who fell out last minute and left them holding the A to B exposure.

What I'd actually do is get the end buyer to sign something real but contingent, price confirmed pending financing terms, 48-hour out for you, so you have a name and a sig to show everyone without being fully locked before you know your number. Does your end buyer know they're in a double close, or are you keeping the spread invisible?

The chicken-and-egg problem is real, but the checklist that gets you through it is: confirmed ARV or stabilized value on the A-to-B side, your contract with the seller showing assignability status, and a soft verbal from your end buyer with enough specifics (price, close timeline, proof of funds or pre-approval) to satisfy the funder without a signed PA. Some transactional funders will issue indicative pricing off the A-to-B contract plus a buyer name and proof of funds alone, treating the signed end buyer PA as a condition to fund rather than a condition to quote. The title request for the end buyer's name is a separate issue from the funder's requirement, and you can often satisfy title with the name and entity structure while the funder gets the POF, which breaks the two-direction squeeze without needing the PA first.

The deeper issue is whether your end buyer will give you a signed PA before seeing the property under contract at a price they can underwrite, and if they won't, that tells you something about how solid that buyer relationship actually is. What's the spread between A-to-B and B-to-C, and is the end buyer a rehabber or a landlord, because that changes how hard the funder is likely to push on the PA requirement?

Get a soft verbal from two or three buyers before you lock the A-to-B, so you're not starting cold.

My Memphis funder gave me indicative pricing off the A-B alone, no end buyer name required until 48 hours before closing.

The assumption doing the most work is that you need a funder at all.