Echo Funding in South Carolina | Swift Deal Funding
Echo Funding in South Carolina
Echo funding fronts your end buyer’s down payment at the closing table and is repaid directly from the seller’s proceeds — in a wholesale deal, from your assignment fee. The buyer brings less cash, the deal closes, and we’re repaid the moment the closing attorney disburses. Across South Carolina’s growing Charleston, Greenville, and Columbia markets, funded down payments typically run $15,000 to $60,000, with capacity to $10 million. The fee is a flat 2.5% of what we fund, nothing upfront.
What shapes Echo in South Carolina is that every closing is attorney-supervised by law. A licensed SC attorney holds the file and controls disbursement, so your assignment fee and our funded down payment both pass through their escrow. That single point of control makes the repayment mechanics clean — and gives you a built-in professional to review your assignment and disclosure language as part of closing.
How Echo closes in South Carolina
South Carolina is a wet-funding, attorney-supervised state. Our funded down payment must be in the attorney’s escrow before recording, sitting alongside your assignment fee. When the deal records, the attorney disburses to the seller, releases your fee, and repays our funded amount plus the 2.5% from those proceeds — same session, no post-closing wire. We require the assignment contract to show a fee large enough to cover the funded down payment plus our fee, and we confirm the repayment arrangement with the attorney’s office before approving.
Echo example deal in South Carolina
| Item | Amount |
|---|---|
| End-buyer purchase price | $310,000 |
| Wholesaler assignment fee | $33,000 |
| Down payment funded by Echo | $24,000 |
| Echo fee (2.5%) | $600 |
| Repaid to us at close (from assignment fee) | $24,600 |
| Wholesaler net | $8,400 |
The end buyer’s cash to close shrinks; the assignment fee soaks up our funded amount plus the fee, and what’s left is your profit.
Pricing
Flat 2.5% of the funded down payment. 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 the 2.5% fee
- South Carolina closing attorney ready to disburse with Echo repayment included
- Equitable-interest disclosure to the seller consistent with SC practice
A typical South Carolina Echo scenario
A Greenville wholesaler has a $33,000 assignment fee and an end buyer who is $24,000 short on the down payment. We fund the $24,000; the supervising attorney holds it alongside the fee. At the attorney’s table the seller is paid, our $24,600 is repaid from the fee, and the wholesaler nets $8,400 — while the end buyer closes a deal that would otherwise have collapsed on the cash to close.
Apply
Submit your purchase and assignment contracts online. We verify the fee covers the funded amount before approving. Standard turnaround is about 48 hours.
Frequently Asked Questions
Who handles the Echo repayment in a South Carolina closing? +
A licensed South Carolina attorney does. SC requires an attorney to supervise residential closings, so the closing attorney holds the file, disburses to the seller, releases your assignment fee, and repays our funded down payment plus 2.5% from those proceeds. We need the assignment contract to show a fee large enough to cover the funded amount plus our fee, and the attorney prepared to repay off the closing statement. We confirm that with the attorney's office before approving.
How does South Carolina's wet-funding rule affect Echo? +
Wet funding means our funded down payment must be in the attorney's escrow before recording, alongside your assignment fee. When the deal records, the supervising attorney disburses to the seller, releases your fee, and repays our funded amount plus 2.5% from those proceeds in the same session. There's no separate post-closing wire to wait on — everything settles at the attorney's table on closing day.
Do I need to disclose my assignment on a South Carolina Echo deal? +
South Carolina doesn't have a dedicated wholesaler-licensing statute like some states, so the general expectation is that you disclose your equitable interest to the seller when you assign. Echo funds the buyer's down payment and is repaid from your assignment fee; it doesn't change that disclosure practice. Because a South Carolina attorney supervises every closing, it's easy to have them review your assignment and disclosure language as part of the file.
Apply for Echo Funding in South Carolina
Submit your application online — same-day decisions for complete files before 2 PM Eastern.