Stack Funding in North Dakota | Swift Deal Funding
Stack Funding in North Dakota
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 Dakota creative-finance investors, that’s the bridge between a structure that works on paper and one that actually closes. A recorded second-position note repays our advance plus a flat 2.5% fee. Funded amounts in this smaller market typically run $15,000–$50,000, capacity to $10 million. As a direct lender, we don’t check credit, income, or tax returns.
How a Stack deal closes in North Dakota
North Dakota is a wet-funding state, its closings commonly involve a closing attorney, and Stack involves a recorded second note — so the closer 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 closer 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 Dakota funds wet, disbursement happens around the table: proceeds to the seller, and the recorded 2nd note repays our funds plus the 2.5% fee. Conventions vary across the Red River Valley, Bismarck, and the Bakken region, so confirm with your attorney or title company that the carry-back will record in second position as agreed — and note North Dakota is on Central time when coordinating the wire — 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
- Closer ready to record the seller-carry note in second position
- Written confirmation that the note will record as agreed
A typical North Dakota Stack scenario
An investor negotiates an owner-finance deal on a Grand Forks duplex: the seller carries back $40,000 covering the down payment and closing costs while financing the balance. The closer needs that $40,000 to fund the table, so we provide it. The closing executes, disburses wet, and the second-position note records. At disbursement the recorded note repays our $40,000 plus the 2.5% fee ($1,000). The investor picks up a cash-flowing duplex with none of his own money in the down payment.
Apply
Submit your purchase contract and seller-financing terms online. We coordinate directly with your closer on the carry-back recording.
Frequently Asked Questions
How does Stack funding close in North Dakota? +
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 Dakota is a wet-funding state whose closings commonly involve a closing attorney, so the closer disburses around the table and arranges recording of the second-position carry-back note. We position our cash before closing; the recorded 2nd note then repays our advance plus the flat 2.5% fee. Confirm the recording and disbursement order with your attorney or title company.
What seller-financing terms does a North Dakota 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 show up in North Dakota subject-to and owner-finance deals around Fargo and Bismarck, where a seller with equity prefers steady payments over a single lump sum.
What does Stack funding cost in North Dakota? +
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 Dakota's wet-funding closings settle around the table, so repayment is arranged through your closer, but the pricing matches every state.
Apply for Stack Funding in North Dakota
Submit your application online — same-day decisions for complete files before 2 PM Eastern.