Echo Funding in West Palm Beach, FL | Swift Deal Funding
Echo Funding in West Palm Beach, FL
Echo funding supplies the cash for your end buyer’s down payment at closing and is repaid directly from the seller-side proceeds — your assignment fee. For West Palm Beach wholesalers, it’s a strong fit on waterfront and Intracoastal condos, where qualified buyers are often stretched thin after association fees and reserves, and on resale flips in Northwood and Pleasant City. Instead of fronting an entire purchase price, you fund only the down payment, and your assignment fee carries the repayment. Flat 2.5% fee, no upfront cost.
How Echo funding closes in West Palm Beach
Florida is a wet-funding, title-company closing state, so your Palm Beach County title agent handles disbursement — no separate attorney leg to schedule as in Georgia. We wire the down-payment funds to title ahead of closing. At the table the deal closes, the seller’s proceeds disburse, and your assignment fee repays our funded amount plus the 2.5% fee right off the settlement statement. Standard turnaround is about 48 hours from a complete file; same-day is possible for files in before 11 AM Eastern. The gate is simple: your assignment fee must exceed the funded down payment plus our fee, and title must be ready to disburse our repayment.
Pricing
A flat 2.5% of the funded down payment, collected on the settlement statement at close — no application, origination, or upfront fees.
What you’ll need
- Executed purchase contract
- Executed assignment contract showing your fee
- An assignment fee large enough to cover the funded down payment plus the 2.5% fee
- A Palm Beach County title company ready to disburse with our Echo repayment included
No credit check, income verification, or tax returns. Local note: on condo deals, estoppel letters and recertification status can push back title’s disbursement schedule — confirm those are clear so Echo repayment isn’t delayed.
A typical West Palm Beach Echo scenario
You assign a $400,000 Intracoastal condo to an end buyer for a $30,000 assignment fee. The buyer is approved but short the $24,000 down payment after reserves. Echo funds the $24,000 to title before closing. At the table the deal closes, and from your $30,000 fee the title company repays us $24,000 plus a $600 fee (2.5%). You net about $5,400, the buyer brings far less to the table, and none of your capital is tied up.
Apply
Send your purchase contract and the assignment showing your fee — we confirm the fee covers the funded down payment before approval.
Frequently Asked Questions
How is Echo repaid on a West Palm Beach closing? +
Echo funds your end buyer's down payment and is repaid from the seller-side proceeds — your assignment fee — at closing. Because Florida closes through a title company, your Palm Beach County title agent disburses both the seller's proceeds and our Echo repayment from one settlement statement; there's no attorney leg as in Georgia. The rule that matters: your assignment fee must cover the funded down payment plus our flat 2.5%, and title has to be ready to disburse our repayment at the table.
Is Echo a good fit for West Palm Beach condo deals? +
Often yes. On waterfront and Intracoastal condos, an end buyer may be well-qualified but stretched on the down payment after factoring in association fees and reserves. If you're carrying a solid assignment fee, Echo funds just the down payment and is repaid from that fee — lighter and cheaper than a double close at a flat 2.5%. Watch the condo estoppel and recertification timeline, since those affect when title can disburse and repay us.
Do I need a license to use Echo funding in West Palm Beach? +
No. Florida doesn't require a wholesaler license to assign contracts, and Palm Beach County adds none. You should still disclose your assignment so your fee and our Echo repayment show cleanly on the title company's settlement statement. We're a direct lender — no credit, income, or tax review — so approval rests on the purchase contract, the assignment showing your fee, and title being ready to disburse. Confirm current Florida disclosure practices with your closing agent.
Apply for Echo Funding in West Palm Beach, FL
Submit your application online — same-day decisions for complete files before 2 PM Eastern.