Echo Funding
Echo (Transactional Down Payment) funding up to $10 million. We provide the end buyer's down payment cash at closing, then get repaid directly from the seller's proceeds — typically the wholesaler's assignment fee. Flat 2.5% fee. No upfront cost. Best for deals where the wholesaler's assignment fee is substantial enough to cover the down payment plus our fee.
Per transaction
Flat, of funded amount
All fees at close
From seller proceeds
How Echo differs from Stack
Both products front the cash at closing. They differ in how we get paid back. Pick the structure that matches your deal.
Seller-carry note repays
A second-position note is recorded after closing. Note payments (or balloon payoff) repay our funds.
Best for: deals where the seller is willing to carry a note.
Learn about Stack →Seller proceeds repay
Our funds are deducted from the seller's proceeds at closing — typically the wholesaler's assignment fee.
Best for: wholesale deals with substantial assignment fees.
Example: How an Echo deal works
A simplified example showing how funds flow through an Echo transaction:
| Item | Amount | Notes |
|---|---|---|
| End-buyer purchase price | $250,000 | What end buyer is paying |
| Wholesaler assignment fee | $30,000 | Built into the deal |
| Down payment funded (Echo) | $20,000 | We provide this |
| Echo fee (2.5%) | $500 | Flat 2.5% of $20K |
| Repaid to us at close | $20,500 | From assignment fee |
| Wholesaler net | $9,500 | Assignment fee minus Echo repayment |
Numbers are illustrative. Your actual transaction structure will determine final amounts.
Echo Funding — All 50 States
Click any state for echo funding pricing details, market context, and application links specific to that state.
Echo Funding — 50 Most Active Markets
City-specific echo funding pages with local market context for high-volume real estate investor cities.
Echo Funding FAQ
What is an Echo deal? +
An Echo deal is when we front the end buyer's down payment cash for closing, and we get repaid directly out of the seller's proceeds at the closing table — typically the wholesaler's assignment fee. Instead of a seller-carry note paying us back (like in a Stack), the wholesaler's profit covers our funds plus the 2.5% fee. The end buyer brings less cash to the table; the wholesaler's assignment fee covers our funding.
How is Echo different from Stack? +
Both products fund the down payment so the buyer brings less cash. The difference is repayment. Stack is repaid by a seller-carry second-position note recorded after closing. Echo is repaid directly from the seller's proceeds at closing — usually from the wholesaler's assignment fee. Stack works when seller financing is part of the deal structure; Echo works when there is a meaningful assignment fee.
What if my assignment fee is not large enough? +
The assignment fee must be at least the funded down payment amount plus our 2.5% fee. If your fee is too small relative to the down payment needed, Echo will not work. In that case, look at Stack (if seller financing is available) or Double Close (if the end buyer can bring the full down payment from their lender).
What is the maximum Echo amount? +
Up to $10 million. Most Echo deals we fund are between $20,000 and $500,000 in down payment coverage, but we have capacity for larger transactions.
How quickly can an Echo deal fund? +
Standard turnaround is about 48 hours from a complete application to wire-ready, including underwriting and title company confirmation. Same-day possible for complete files before 11 AM Eastern. We wire to the closing agent by 9 AM on the day of closing.
What documents do you need for an Echo? +
Purchase contract, assignment contract showing the assignment fee amount, a HUD-1 estimate or closing statement template showing how funds will flow (including our repayment from seller proceeds), and borrower identification. No credit check, no income verification, no tax returns.
Apply for Echo funding
Submit your purchase and assignment contracts online. Standard turnaround 48 hours. Same-day possible for complete files before 11 AM Eastern.