Stack Funding in Albuquerque, NM | Swift Deal Funding
Stack (Morby Method) Funding in Albuquerque, NM
Stack funding provides the cash needed at the closing table when a seller carry-back note covers the buyer’s down payment but title still requires real funds to close. The recorded second-position note repays our funds plus a flat 2.5% fee — often the same business day. Albuquerque Stack deals typically run $30,000–$100,000 funded, with capacity to $10,000,000 per transaction.
Stack suits Albuquerque’s creative-finance deals. With a median around $340,000 and many long-term owners holding adobe and stucco homes in the South Valley and older high-desert neighborhoods, sellers here will often carry paper rather than take a full cash payout. Subject-to and owner-finance structures appear regularly, and Stack covers the working capital title needs to record — with New Mexico’s dry-funding model setting the timing.
How a Stack deal closes in Albuquerque (dry-funding, record-first)
New Mexico is a dry-funding state, so title records before disbursing — nothing releases at signing. The sequence:
- The deal is structured with a seller carry-back covering down payment + closing costs.
- We wire the cash needed to close into title.
- The deal signs; title records the deed, then the carry-back note in second position with Bernalillo County.
- Once recording confirms, title disburses and the recorded note repays our funds plus 2.5%.
The recorded second-position note is the repayment instrument, so recording is mandatory — and because New Mexico disburses post-recording, your title company’s recording cutoff determines whether it clears same day.
Pricing
Flat 2.5% of the funded amount, collected on the settlement statement. No upfront fees.
| Funded Amount | Fee |
|---|---|
| $50,000 | $1,250 |
| $100,000 | $2,500 |
| $500,000 | $12,500 |
| Up to $10,000,000 | $250,000 |
What you’ll need
- Executed purchase contract with seller-financing terms
- Seller carry-back ≥ required down payment + closing costs
- An Albuquerque title company prepared to record the second-position note immediately after closing
- Written confirmation from title that the note will be recorded as agreed
No credit check, income verification, or tax returns; no New Mexico wholesaler license required.
A typical Albuquerque Stack scenario
You structure an owner-finance deal on a South Valley adobe where the seller carries a $50,000 note covering the down payment and costs, but title still needs $42,000 of real funds to close. We wire the $42,000 into your Albuquerque title company. The deal signs; title records the deed and your second-position carry-back note with Bernalillo County. Once recording clears, title disburses and the recorded note repays our $42,000 plus the $1,050 fee — same business day when the file is in early.
Apply
Submit your purchase contract and seller-financing terms online. We coordinate with your Albuquerque title company on the carry-back recording.
Frequently Asked Questions
How does Stack funding handle New Mexico's record-first rule in Albuquerque? +
Stack supplies the cash needed at closing when a seller carry-back covers the buyer's down payment but title still needs real funds to close. New Mexico is a dry-funding state, so the Albuquerque title company records before disbursing. We wire the closing cash; title records the deed and the second-position carry-back note with Bernalillo County, then disburses. The recorded second note repays our funds plus the flat 2.5% — typically the same business day once recording confirms. Confirm the recording sequence with your title company.
Does the carry-back note have to be recorded for Stack in Albuquerque? +
Yes. The structure depends on the second-position carry-back note recording with the Bernalillo County Clerk. In New Mexico's record-first model, title records the deed first, then the carry-back note in second position, then disburses. That recorded note is our repayment instrument, so your Albuquerque title company must confirm in writing they'll record it as agreed before we fund — that written confirmation is a core requirement of every Stack deal.
When is Stack the right call instead of Echo in Albuquerque? +
Use Stack when seller financing is built into the deal — a seller carrying a note rather than taking full cash, common on subject-to and owner-finance structures among Albuquerque's long-held adobe homes. The carry-back must cover the down payment plus closing costs. Use Echo when repayment comes from a sizable assignment fee with no seller note. Both front cash at the Albuquerque close; Stack is repaid by the recorded second note, Echo from seller proceeds.
Apply for Stack Funding in Albuquerque, NM
Submit your application online — same-day decisions for complete files before 2 PM Eastern.