Echo Funding in Greenville, SC | Swift Deal Funding
Echo Funding in Greenville, SC
Echo funding (transactional down payment funding) supplies the cash an end buyer needs for their down payment at closing, then is repaid from the seller-side proceeds — usually your assignment fee — at that same closing. It’s the fit for a Greenville wholesaler whose buyer is qualified but short on closing-day cash.
Greenville’s fast-growing Upstate market (median ~$380K), driven by BMW, Michelin, and steady corporate relocations, tends to produce assignment fees with room to carry an Echo down payment, especially on revitalizing West Greenville and Nicholtown deals. The local mechanic to plan around is that every closing runs through a licensed SC attorney who controls the trust-account release, so allow lead time to clear title. Typical Greenville Echo amounts run $25,000–$90,000, with capacity up to $10M. The fee is a flat 2.5%, no upfront cost.
How Echo closes in Greenville (SC attorney-must-close)
South Carolina is a wet-funding state, and the SC Supreme Court requires a licensed SC attorney to supervise the closing and disburse from the trust account. For Echo, that attorney disburses the end buyer’s down payment from our funds, then repays us from the seller-side proceeds (your assignment fee) on the settlement statement. We wire by 9 AM Eastern on closing day; standard turnaround is ~48 hours from a complete file. Have your Greenville closing attorney confirm in writing that the Echo repayment line is on the statement, and verify timing — since the firm controls the release — locally.
Pricing
Flat 2.5% of the funded amount. No application, origination, or upfront fees — collected on the closing statement.
What you’ll need
- Executed purchase contract
- Executed assignment contract showing your assignment fee
- An assignment fee large enough to cover the funded down payment plus the 2.5% fee
- A licensed SC closing attorney ready to disburse seller proceeds with Echo repayment included
- All parties aligned on the closing timeline
No credit check, no income verification, no tax returns.
A typical Greenville Echo scenario
You assign a Nicholtown contract to a relocating-buyer at a $345,000 price with a $30,000 assignment fee. The buyer is approved but needs $25,000 for the down payment they don’t have liquid. Echo funds the $25,000 to the SC closing attorney’s trust account. After the attorney clears title, the closing disburses your $30,000 fee, repays our $25,000 plus the 2.5% fee ($625), and you net about $4,375 — the buyer closes on schedule and the deal doesn’t stall over closing-day liquidity.
Apply
Submit your purchase and assignment contracts online. We confirm the assignment fee covers the funded amount before approval. Standard turnaround ~48 hours.
Frequently Asked Questions
How is Echo repaid through a South Carolina attorney closing in Greenville? +
Echo funds the end buyer's down payment and is repaid from seller-side proceeds — your assignment fee — at the same closing. Because the SC Supreme Court requires attorney-supervised closings, a licensed Greenville closing attorney disburses the funds and handles the repayment line on the settlement statement. We need that attorney's written confirmation that Echo repayment is built into the disbursement before we fund the down payment. The attorney controls the trust-account release, so confirm the order up front.
Does Greenville's relocation-driven demand support an assignment fee big enough for Echo? +
Often, yes. Greenville's booming Upstate market (median ~$380K), powered by BMW and Michelin relocations, tends to support assignment fees with room to cover an Echo down payment plus our flat 2.5%, especially on revitalizing West Greenville or Nicholtown deals. We verify the assignment contract shows the fee before approving. Allow your SC closing attorney time to clear title before disbursement, since the firm releases the funds.
Is Echo a loan to me or to my buyer in Greenville? +
Echo is transactional funding for the end buyer's down payment, repaid from seller proceeds at closing rather than billed to you afterward. As a direct lender we run no credit check, income verification, or tax returns on either party, and South Carolina requires no wholesaler license. On Greenville deals everything settles through the SC Supreme Court–required attorney closing; confirm the disbursement order with that firm before you fund.
Apply for Echo Funding in Greenville, SC
Submit your application online — same-day decisions for complete files before 2 PM Eastern.