Stack Funding in Columbia, SC | Swift Deal Funding
Stack Funding (Morby Method) in Columbia, SC
Stack funding provides the cash a deal needs at the closing table when a seller carry-back note covers the buyer’s down payment — but title still requires real money in escrow to close. We wire that cash; the recorded seller-carry second-position note repays us plus a flat 2.5% fee, often the same day through the closing attorney.
Columbia’s affordability and steady, government-and-university economy create a real base of seller-finance opportunities. Long-tenured owners in established neighborhoods, and landlords looking to exit USC-area student rentals, often hold equity and prefer payments to a lump-sum cash-out — the profile for a carry-back. That’s where Stack fits subject-to and owner-finance structures. Typical Columbia Stack amounts run $30,000–$90,000, with capacity up to $10M.
How a Stack deal closes in Columbia (SC attorney-must-close)
South Carolina is a wet-funding state, and the SC Supreme Court requires a licensed SC attorney to supervise the closing, disburse from the trust account, and handle recording. For Stack, that attorney records the seller carry-back note in second position immediately after closing; the recorded note then repays our funds plus the 2.5% fee — typically same-day. We wire by 9 AM Eastern; standard turnaround is ~48 hours from a complete file. Confirm with your Columbia closing attorney that they’ll record the second note exactly as structured.
Pricing
Flat 2.5% of funded amount, no upfront fees, collected on the closing statement:
| Funded Amount | Fee | Example |
|---|---|---|
| $50,000 | 2.5% flat | $1,250 |
| $100,000 | 2.5% flat | $2,500 |
| $500,000 | 2.5% flat | $12,500 |
| Up to $10,000,000 | 2.5% flat | $250,000 |
What you’ll need
- Executed purchase contract with seller-financing terms
- A seller carry-back large enough to cover the required down payment plus closing costs
- A licensed SC closing attorney ready to record the second-position note immediately after closing
- Written confirmation from that attorney that the note will be recorded as agreed
No credit check, no income verification, no tax returns.
A typical Columbia Stack scenario
A landlord retiring out of a paid-off USC-area student rental agrees to owner-finance at $185,000 and carries back a note covering your $32,000 down payment and costs. Title still needs that cash in escrow to close. Stack wires the ~$32,000 to the SC closing attorney; the closing executes, the attorney records the seller’s carry-back in second position, and that note repays our funds plus the 2.5% fee ($800) — typically same-day. You take over the rental without bringing the down payment out of pocket.
Apply
Submit your purchase contract and seller-financing terms online. We coordinate with your SC closing attorney on the carry-back recording.
Frequently Asked Questions
Will a South Carolina attorney record the seller carry-back for my Columbia Stack deal? +
Yes — the SC Supreme Court requires attorney-supervised closings, so a licensed SC attorney handles the closing and recording. For Stack, that Columbia attorney records the seller's carry-back note in second position right after closing, and the recorded note repays our funds plus the flat 2.5% fee — typically same-day. We need the attorney's written confirmation they'll record the second note as structured before we fund the closing-table cash.
Are there enough seller-finance opportunities in Columbia for Stack? +
Yes. Columbia's affordable, long-settled neighborhoods include many tenured owners — and landlords exiting student rentals near USC — who hold equity and are open to carrying a note rather than cashing out fully. When that carry-back covers the buyer's down payment, Stack supplies the cash the deal still needs at closing, with the SC attorney recording the second note in second position.
When is Stack a better fit than Echo in Columbia? +
Use Stack when seller financing is built into the deal — a Columbia seller carrying back a note covering the down payment. Echo, by contrast, funds a down payment repaid from your assignment fee with no carry-back. Stack is common on subject-to and owner-finance deals here. Either way the closing runs through the required SC attorney; we underwrite the documents, not your credit, income, or tax returns.
Apply for Stack Funding in Columbia, SC
Submit your application online — same-day decisions for complete files before 2 PM Eastern.