Stack Funding in Washington | Swift Deal Funding
Stack (Morby Method) funding in Washington
Stack funding supplies the cash a Washington closing needs when a seller carry-back note covers the buyer’s down payment but escrow still requires real funds to close. We deliver that cash to escrow, and a recorded second-position note repays our principal plus a flat 2.5%. Funded amounts in Washington typically run $20,000 to $70,000, with capacity to $10 million per transaction. It’s the financing layer that makes Morby Method deals work across the state.
Washington’s appreciation has left many longtime owners — particularly outside the priciest Seattle core, in Spokane and along the I-5 corridor through Tacoma and Olympia — sitting on equity and open to carrying paper rather than taking a full cash payout. That’s exactly the seller profile Stack is built for.
How a Stack deal closes in Washington
Washington’s dry-funding rule meshes well with Stack’s mechanics. Escrow disburses only after the county records, and Stack already depends on recording a second-position note. The seller commits to a carry-back note that covers the down payment and costs; we send escrow the cash needed to close; escrow records the deed and the seller-carry note behind the senior lien; once everything records, escrow disburses and that recorded note clears our principal plus 2.5%, usually the same day. Coordinate the recording order and the county cutoff with your escrow company so the second note sits in the right position.
Pricing for Stack in Washington
Flat 2.5% of the funded amount, collected through escrow. No upfront fee.
| Funded Amount | Fee | Example |
|---|---|---|
| $50,000 | 2.5% | $1,250 |
| $100,000 | 2.5% | $2,500 |
| $500,000 | 2.5% | $12,500 |
| Up to $10,000,000 | 2.5% | $250,000 |
What you’ll need for Stack in Washington
- Executed purchase contract with seller-financing terms
- A carry-back amount at least covering the required down payment plus closing costs
- A Washington escrow company ready to record the second-position note as part of the closing
- Written confirmation from escrow that the note will record in the agreed position
A typical Washington Stack scenario
An investor structures a subject-to purchase of a Spokane rental at $300,000. The seller carries a $45,000 note covering the down payment and costs, but escrow needs $45,000 to close. We wire the $45,000; the escrow company records the closing and the seller’s second-position note; after recording, escrow disburses and the recorded note repays us $46,125 (principal plus 2.5%) the same day. The investor gets the subject-to deal closed without bringing a dollar of their own to escrow.
Apply for Stack funding in Washington
Submit your contract and seller-financing terms online. We coordinate the carry-back recording directly with your escrow company.
Frequently Asked Questions
How does Washington's dry-funding rule affect a Stack closing? +
Stack relies on recording a seller carry-back note in second position, and Washington is a dry-funding state — escrow disburses only after the county records. That actually fits Stack's structure: the closing instrument and the second-position note both record, then escrow disburses and our funds plus 2.5% are repaid from that recorded note, usually the same day. The key is coordinating the recording order with your escrow company so the second note lands behind the senior position. Confirm the sequence and county cutoff with your escrow officer.
Does Stack work for subject-to deals in Washington? +
Yes. Subject-to and other creative-finance structures are the core use case. When a Washington seller carries back a note covering what would be the buyer's down payment, escrow still needs real funds to close. We supply that cash at the table, and the recorded carry-back note repays us once the deal records. This is common with equity-rich sellers in Spokane and along the I-5 corridor. Bring the seller-financing terms in your contract and confirm the recording plan with your escrow company.
Should a Washington investor pick Stack or Echo? +
Choose Stack when the deal includes seller financing — a carry-back note covers the down payment and gets recorded to repay us. Choose Echo for a straight assignment, where your fee repays us directly with no note to record. Both products time their repayment to Washington's record-first escrow process, but only Stack involves recording a second-position note. If your deal is a seller-carry, owner-finance, or subject-to structure, Stack is the right tool.
Apply for Stack Funding in Washington
Submit your application online — same-day decisions for complete files before 2 PM Eastern.