Echo Funding in Fort Lauderdale, FL | Swift Deal Funding
Echo funding in Fort Lauderdale, FL
Echo funding provides the cash for an end buyer’s down payment at closing, repaid directly from the seller’s proceeds — typically your assignment fee. You front no working capital and pay a flat 2.5% of the funded amount at the table.
In Fort Lauderdale, where the median runs near $600,000 and competition from foreign cash is heavy, Echo helps you keep a financed end buyer in the deal without parking your own money. Funded down payments here commonly run $25,000 to $90,000, with capacity to $10 million per transaction.
How Echo closes in Fort Lauderdale, FL
Florida is a wet-funding, title-company state, so disbursement happens at the closing table once documents are signed. The Fort Lauderdale title agent disburses seller proceeds with our Echo repayment built into the statement before releasing your net. An attorney is optional. We coordinate the repayment line directly with title.
The Fort Lauderdale caveat is timing on water-exposed and condo properties: flood insurance on waterfront homes and condo estoppels post-Surfside can move a closing date. Neither changes how Echo is repaid — only when the table is ready. Confirm the disbursement order and refundable-deposit handling with your Fort Lauderdale title company.
Pricing
Flat 2.5% of the funded amount. No application, origination or upfront fees — collected through the closing statement.
What you’ll need
- Executed purchase contract
- Executed assignment contract showing your assignment fee
- Assignment fee at least equal to the funded down payment plus 2.5%
- A Fort Lauderdale title company ready to disburse seller proceeds with Echo repayment included
No credit, income, or tax checks. Fort Lauderdale note: high price points usually leave plenty of fee to clear the funded amount — confirm the math before submitting.
A typical Fort Lauderdale Echo scenario
A wholesaler has a condo in Victoria Park under contract and assigns it to an end buyer at a $430,000 purchase price with a $45,000 assignment fee. The buyer is short on the $32,000 down payment. Echo funds the $32,000 to the table; at closing, title disburses seller proceeds and repays us $32,800 ($32,000 + 2.5%) from the assignment fee. The wholesaler nets $12,200 with no cash out of pocket, and the buyer closes.
Apply
Submit your purchase contract and assignment contract online. We verify the assignment fee covers the funded amount before approval. Standard turnaround ~48 hours.
Frequently Asked Questions
How does Echo work on a high-priced Fort Lauderdale assignment? +
Echo funds the end buyer's down payment and is repaid from the seller's proceeds — usually your assignment fee — at closing. With Fort Lauderdale's median near $600,000, assignment fees here are often large enough to comfortably cover a sizable funded down payment plus our flat 2.5%. The single requirement is that your assignment fee equals at least the funded amount plus 2.5%, repaid from seller proceeds before your net is released.
Does flood insurance affect an Echo closing in Fort Lauderdale? +
It can move the closing date, not the Echo repayment. On a waterfront or canal-front property — and after the 2023 flooding — a financed end buyer needs flood coverage bound before the lender funds, which sets the table. Echo is still repaid from your assignment fee whenever closing is ready. Line up flood insurance and elevation docs early so the down-payment timing matches the buyer's loan.
Echo or Stack for a Fort Lauderdale deal? +
Use Echo when the deal is a straight assignment with a strong fee and the seller is cashed out — repayment comes from seller proceeds at closing. Use Stack when the seller is carrying financing and a recorded second note repays us. Many Fort Lauderdale assignment deals with healthy spreads fit Echo; creative subject-to and seller-carry structures lean Stack.
Apply for Echo Funding in Fort Lauderdale, FL
Submit your application online — same-day decisions for complete files before 2 PM Eastern.