Echo Funding in Miami, FL | Swift Deal Funding
Echo funding in Miami, 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, collected at the table.
In Miami, where the median sits near $580,000 and international cash competition is fierce, Echo helps you keep a financed or thinly-capitalized end buyer in the deal without parking your own money. Funded down payments in this market commonly run $25,000 to $90,000, with capacity to $10 million per transaction.
How Echo closes in Miami, FL
Florida is a wet-funding, title-company state, so disbursement happens at the closing table once documents are signed. The Miami 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 so nothing is left to chance.
The Miami caveat is the same one that touches every product here: condo estoppels, special assessments and foreign-buyer wire compliance can move a closing date. None of that changes how Echo is repaid — it changes when the table is ready. Confirm the disbursement order and refundable-deposit handling with your Miami 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 Miami title company ready to disburse seller proceeds with Echo repayment included
No credit, income, or tax checks. Miami note: verify the assignment fee comfortably clears the funded amount — high price points here usually leave plenty of room.
A typical Miami Echo scenario
A wholesaler has a single-family deal in Allapattah under contract and assigns it to an end buyer at a $340,000 purchase price with a $40,000 assignment fee. The buyer is short on the $30,000 down payment. Echo funds the $30,000 to the closing table; at closing, title disburses seller proceeds and repays us $30,750 ($30,000 + 2.5%) straight from the assignment fee. The wholesaler nets $9,250 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 Miami assignment? +
Echo funds the end buyer's down payment and is repaid from the seller's proceeds — usually your assignment fee — at closing. Because Miami prices run high (median around $580,000), 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%. Title disburses our repayment out of seller proceeds before your net hits your account.
Can I use Echo with a foreign end buyer in Miami? +
Yes, as long as the buyer's funds and the title's disbursement are confirmed. Echo doesn't underwrite the buyer — it bridges the down payment and is repaid from your assignment fee at the table. With foreign buyers, plan for incoming-wire compliance and any FIRPTA withholding on the seller side; these affect the title's timeline, not our repayment, which comes from your fee within the same closing.
Echo or Stack for a Miami deal? +
Use Echo when the deal has a healthy assignment fee and the seller is being cashed out — repayment comes straight from seller proceeds at closing. Use Stack when the seller is carrying financing and a recorded second-position note repays us instead. Many Miami assignment deals with strong spreads fit Echo cleanly; creative subject-to or seller-carry structures lean Stack.
Apply for Echo Funding in Miami, FL
Submit your application online — same-day decisions for complete files before 2 PM Eastern.