Echo Funding in Louisiana | Swift Deal Funding
Echo Funding in Louisiana
Echo (transactional down-payment) funding covers the end buyer’s down payment at a Louisiana closing, then gets repaid from the seller’s proceeds — for a wholesaler, that’s your assignment fee. The buyer brings less cash, the deal closes, and we’re made whole at the table. Flat 2.5%, nothing out of pocket upfront.
In Louisiana, Echo fits the assignment side of two distinct markets. New Orleans generates buyers chasing historic and post-storm rehab inventory who are financed but short on liquid down payment, while Baton Rouge’s more conventional flips produce steady, mid-range assignments. Funded amounts here typically run $15,000–$60,000, with capacity to $10 million.
How Echo closes in Louisiana
Louisiana is a civil-law state, so closings don’t run through a title-only escrow officer. A sale is completed by an act of sale passed before a notary, who handles disbursement and records the act in the parish. For Echo that’s straightforward: the buyer’s down payment and our repayment both flow through the same notary off one settlement statement.
Louisiana’s wet-funding rule means the down payment we provide is wired and confirmed before the act passes. When the act of sale executes, the assignment fee on the seller’s side is split to repay our principal and the 2.5% fee. Louisiana relies on equitable-interest disclosure rather than a wholesaler-licensing statute. Confirm with your notary or title attorney that the Echo repayment is written into the seller’s proceeds.
Pricing
Flat 2.5% of the funded down payment. No application, origination, or upfront fees — collected through the settlement statement at the act of sale.
What you’ll need
- Executed purchase agreement
- Executed assignment showing your assignment fee
- Assignment fee ≥ funded down payment + 2.5%
- Louisiana notary / title attorney ready to disburse the Echo repayment from seller proceeds
Local note: on New Orleans deals, give the notary time to clear the title abstract — succession-tangled chains can delay an act of sale.
A typical Louisiana Echo scenario
You assign a renovated cottage near Baton Rouge’s Mid City to a financed buyer at a $22,000 fee. The buyer needs $16,000 for the down payment. Echo wires $16,000 to the notary’s office; at the act of sale the deal records, your $22,000 fee disburses, and $16,400 (principal + 2.5%) returns to us. You net $5,600 without fronting the buyer’s cash.
Echo vs. Stack in Louisiana
Both put cash at the table; they differ in repayment. Echo is repaid directly from seller proceeds (your assignment fee) at the act of sale — use it when the fee is substantial. Stack is repaid by a recorded seller-carry second note — use it when seller financing is part of the structure.
Apply
Submit your purchase and assignment agreements online. We verify the fee covers the funded amount before approval. Standard turnaround is about 48 hours.
Frequently Asked Questions
How does Echo get repaid at a Louisiana act of sale? +
Louisiana closings happen by an act of sale passed before a notary, and the notary or title attorney handles disbursement off the settlement statement. Echo funds your buyer's down payment; when the act of sale passes, your assignment fee is split from the seller's proceeds so our principal plus the 2.5% fee returns to us before you net out. Tell your New Orleans or Baton Rouge notary that the Echo repayment is a seller-side line so it's built into the act.
Is my Louisiana assignment fee big enough for Echo? +
It needs to cover the funded down payment plus our flat 2.5%. On a $240,000 Baton Rouge assignment with a $17,000 down payment funded, you'd need a fee around $17,425 or more. New Orleans deals can carry larger spreads on historic and storm-rehab inventory, which suits Echo well; Baton Rouge's more conventional flips tend toward steadier, mid-range fees. We confirm the fee clears the threshold before approving.
Does Louisiana's civil-law closing change how Echo works? +
The mechanics differ but the result is the same. Instead of a title-company escrow, a notary passes the authentic act of sale and disburses. Because Louisiana is also a wet-funding state, the down payment we provide is wired and confirmed before the act passes. The assignment fee is split at that moment to repay us. Confirm with your Louisiana notary or title attorney that the Echo repayment appears on the seller's proceeds within the act of sale.
Apply for Echo Funding in Louisiana
Submit your application online — same-day decisions for complete files before 2 PM Eastern.