Stack Funding in North Carolina | Swift Deal Funding
Stack Funding in North Carolina
Stack funding — built around the Morby Method — supplies the cash a deal needs at closing when a seller carry-back covers the buyer’s down payment but the closing still requires real money to fund. For North Carolina creative-finance investors, that’s the bridge between a clever structure and a deal that actually closes. A recorded second-position note repays our advance plus a flat 2.5% fee. Funded amounts here typically run $40,000–$150,000, capacity to $10 million. As a direct lender, we don’t check credit, income, or tax returns.
How a Stack deal closes in North Carolina
North Carolina is an attorney-closing, wet-funding state, and Stack involves a recorded second note, so the closing attorney is central. The deal is structured with the seller carrying back enough to cover the down payment and closing costs. We position our cash before closing. At the signing, the closing attorney — required by state law — executes the deed and the carry-back note and arranges for the note to record in second position behind the new first lien. Because North Carolina funds wet, the attorney disburses at the table: proceeds to the seller, and the recorded 2nd note repays our funds plus the 2.5% fee. Unlike a title-agent-only state, here the attorney both runs the closing and handles the recording instructions, so confirm with them that the carry-back will record in second position as agreed — and that disbursement reflects our repayment — before you schedule.
Pricing
Flat 2.5% of the funded amount. Nothing upfront — collected through the closing statement.
| Funded Amount | Fee |
|---|---|
| $50,000 | $1,250 |
| $100,000 | $2,500 |
| $250,000 | $6,250 |
| Up to $10,000,000 | 2.5% flat |
What you’ll need
- Executed purchase contract with seller-financing terms
- Carry-back amount ≥ required down payment + closing costs
- Closing attorney ready to record the seller-carry note in second position
- Written confirmation that the note will record as agreed
A typical North Carolina Stack scenario
An investor structures a subject-to deal on a Greensboro rental: the seller carries back $60,000 covering the down payment and closing costs while the existing loan stays in place. The closing attorney needs that $60,000 to fund the table, so we provide it. The attorney closes, disburses wet, and records the second-position note. At disbursement the recorded note repays our $60,000 plus the 2.5% fee ($1,500). The investor picks up a cash-flowing rental with none of his own money in the down payment, fully attorney-supervised.
Apply
Apply online with your purchase contract and seller-financing terms. We coordinate with your North Carolina closing attorney to confirm the carry-back note records in second position at the table.
Frequently Asked Questions
How does Stack funding work with North Carolina's attorney-closing rule? +
Stack provides cash at the closing table when a seller carry-back covers the buyer's down payment but the deal still needs real funds to close. North Carolina requires a licensed attorney to handle the closing, so that attorney runs the table and arranges recording of the second-position carry-back note. We position our cash before closing; because North Carolina funds wet, the attorney disburses at the table and the recorded 2nd note repays our advance plus the flat 2.5% fee. Confirm recording and disbursement order with your closing attorney.
What seller-financing terms does a North Carolina Stack deal need? +
A purchase contract with seller-financing terms where the carry-back is at least the required down payment plus closing costs. The seller carries a note instead of taking full cash, and that note records in second position behind the new first lien. These structures appear across North Carolina's active investor markets — subject-to and owner-finance deals around Charlotte, Raleigh, and Greensboro where sellers with equity prefer payments over a lump sum.
What does Stack funding cost in North Carolina? +
A flat 2.5% of the funded amount, with no upfront fees and no application cost. It's collected through the closing statement and repaid by the recorded second-position note. On a $50,000 Stack funding the fee is $1,250; on $100,000 it's $2,500. North Carolina's wet-funding closings settle at the table through your closing attorney, but the pricing matches every state we fund in.
Apply for Stack Funding in North Carolina
Submit your application online — same-day decisions for complete files before 2 PM Eastern.