Stack Funding in Salt Lake City, UT | Swift Deal Funding
Stack (Morby Method) Funding in Salt Lake City, UT
Stack funding provides the cash needed at the closing table when a seller carry-back note covers the buyer’s down payment but escrow 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. Salt Lake City Stack deals typically run $45,000–$170,000 funded, with capacity to $10,000,000 per transaction.
Stack fits the creative-finance side of Salt Lake City’s market. With a median around $560,000 driven by tech inflow, sellers carrying paper appear on subject-to and owner-finance deals across the west-side neighborhoods — Glendale, Rose Park, Poplar Grove. Stack covers the working capital escrow needs to record the second note, and Utah’s wet-funding model means the funds can release at the table rather than waiting on county recording.
How a Stack deal closes in Salt Lake City (wet-funding — the contrast)
Utah is a wet-funding, title/escrow state — unlike the dry-funding states that border it. The Salt Lake City escrow agent can disburse at the table once documents sign. The sequence:
- The deal is structured with a seller carry-back covering down payment + closing costs.
- We wire the cash needed to close into escrow.
- The deal signs; escrow disburses at the table and records the second-position carry-back note with Salt Lake County.
- The recorded note repays our funds plus 2.5% — often the same day.
The recorded second-position note is still our repayment instrument, so it must record behind a clean first — but unlike dry-funding neighbors, the disbursement isn’t gated by waiting on that recording. Confirm timing with your Utah escrow officer.
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
- A Salt Lake City escrow agent prepared to record the second-position note behind a clean first
- Written confirmation from escrow that the note will be recorded as agreed
No credit check, income verification, or tax returns; no Utah wholesaler license required.
A typical Salt Lake City Stack scenario
You structure a subject-to on a Rose Park home where the seller carries an $85,000 note covering the down payment and costs, but escrow still needs $65,000 of real funds to close. We wire the $65,000 into your Salt Lake City escrow. The deal signs and funds at the table; escrow records your second-position carry-back note with Salt Lake County. The recorded note repays our $65,000 plus the $1,625 fee — same day, without the record-first wait that a Nevada or Arizona deal would carry.
Apply
Submit your purchase contract and seller-financing terms online. We coordinate with your Salt Lake City escrow agent on the carry-back recording.
Frequently Asked Questions
How does Stack funding work in Salt Lake City given Utah's wet-funding rule? +
Stack supplies the cash needed at closing when a seller carry-back covers the buyer's down payment but escrow still needs real funds to close. Utah is a wet-funding state, so the Salt Lake City escrow agent can disburse at the table once documents sign — a contrast to dry-funding Nevada, Arizona, and New Mexico, where disbursement waits on recording. We wire the closing cash; escrow records the second-position carry-back note with Salt Lake County, and the recorded note repays our funds plus the flat 2.5%, often the same day.
Does the carry-back note still need to be recorded for Stack in Salt Lake City? +
Yes. Even though Utah funds wet at the table, the second-position carry-back note must record with the Salt Lake County Recorder, because that recorded note is our repayment instrument and secures our position behind the first lien. The difference from dry-funding states is timing: in Utah the funds can disburse at signing rather than waiting on recording. Your Salt Lake City escrow agent must still confirm in writing that the second note will be recorded as agreed before we fund.
Stack or Echo for a Salt Lake City creative deal? +
Use Stack when seller financing is part of the structure — a seller carrying a note rather than taking full cash, common on subject-to and owner-finance deals among the older west-side homes in Glendale and Rose Park. The carry-back must cover the down payment plus closing costs. Use Echo when repayment comes from a large assignment fee with no seller note. Both front cash at the Salt Lake City close, which funds wet at the table; Stack is repaid by the recorded second note, Echo from seller proceeds.
Apply for Stack Funding in Salt Lake City, UT
Submit your application online — same-day decisions for complete files before 2 PM Eastern.