Echo Funding in Louisville, KY | Swift Deal Funding
Echo Funding in Louisville, KY
Echo funding closes the down-payment gap that stalls clean Louisville assignments. You have a contract with a real fee, but the end buyer is short on the cash needed to close. Echo (transactional down payment) supplies that down payment, and we are repaid directly from the seller’s proceeds — your assignment fee — at a flat 2.5% with nothing upfront.
In an Ohio River market with a metro median near $240,000, rehab buyers working Germantown, Old Louisville, Portland, and Shawnee often spread cash thin across projects. Echo keeps a deal alive when the fee is strong but the buyer’s liquidity is short. Typical funded amounts run $20,000 to $80,000, with capacity to $10 million per transaction.
How Echo Closes in Louisville
Kentucky is an attorney-closing, wet-funding state, so a licensed Kentucky attorney conducts the closing and issues the title opinion — the key difference from Missouri, where a title company can close alone. We wire the Echo down payment to your closing attorney’s escrow; on closing day the attorney disburses seller proceeds with our repayment built into the statement, drawn from your fee before you net the balance.
Give your Louisville attorney lead time on the title search so the closing — and our repayment — happen on schedule. Confirm the disbursement handling with your attorney locally.
Pricing
Flat 2.5% of the funded amount. No application, origination, or upfront fees — collected through the closing statement when the deal funds.
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 Kentucky closing attorney ready to disburse seller proceeds with the Echo repayment included
Local note: a Louisville real estate attorney conducts the closing in Kentucky, so loop them in early on the title work. No credit check, no income verification, no tax returns.
A Typical Louisville Echo Scenario
You assign a renovated Germantown shotgun at a $230,000 purchase price with a $28,000 assignment fee. The end buyer is $19,000 short on the down payment. Echo funds the $19,000; our fee is 2.5% ($475). At closing, your Kentucky attorney disburses seller proceeds, repays us $19,475 from your fee, and pays you the remaining $8,525. The buyer brings less cash and the deal closes on schedule.
Apply
Upload your purchase contract and assignment online. We verify the fee covers the funded amount before approval. Standard turnaround is about 48 hours; same-day is possible for complete files before 11 AM Eastern.
Frequently Asked Questions
How is Echo funding repaid on a Louisville assignment? +
Echo funds the end buyer's down payment and is repaid from the seller's proceeds at closing — on a Louisville assignment, that is your assignment fee. Kentucky is an attorney-closing state, so a licensed Kentucky attorney conducts the closing and disburses the statement, routing our Echo repayment out of your fee before you net the balance. As long as your fee comfortably exceeds the funded down payment plus our flat 2.5%, the deal nets cleanly.
Does Kentucky's attorney closing change how Echo works in Louisville? +
The mechanics are the same; only the closer differs. In Louisville a Kentucky attorney handles the closing and title opinion rather than a title company alone, so we coordinate the Echo down payment and repayment with that attorney's escrow. Give the attorney lead time on the title work. We fund the buyer's down payment, and the attorney repays us from your assignment fee at disbursement. We review the contract and assignment, not your credit, income, or tax returns.
When should I use Echo instead of a double close in Louisville? +
Use Echo on a straight assignment where you keep the contract as-is and the only gap is the end buyer's down payment; use a double close when you want to take title and keep your spread off the assignment paperwork. In a market like Louisville — metro median near $240,000 — assignments in Germantown or Old Louisville often carry a real fee but a rehab buyer light on cash. Echo bridges that and repays from your fee through the same Kentucky closing attorney.
Apply for Echo Funding in Louisville, KY
Submit your application online — same-day decisions for complete files before 2 PM Eastern.