Echo Funding in California | Swift Deal Funding

Echo Funding in California

Echo is transactional down payment funding: we put up the cash an end buyer needs to bring to closing, then get repaid from seller proceeds — in a wholesale deal, your assignment fee. It lets a California wholesaler close a deal where the end buyer is short on liquid down payment, without anyone fronting their own capital. With California’s high prices, Echo amounts run larger here, typically $20,000–$80,000, with capacity to $10 million.

California is the country’s largest real estate market — nearly 39 million residents — and its highest-priced. Activity concentrates in Los Angeles, San Diego and San Jose, where down payments on six- and seven-figure properties are substantial. End buyers who are asset-rich but short on liquid cash for a large down payment are common, and Echo bridges exactly that gap so the wholesaler’s deal can close.

Swift Deal Funding is a direct lender. No credit check, no income, no tax returns — the purchase and assignment contracts underwrite it. Flat 2.5%, no upfront cost.

How Echo Funding closes in California

California’s closing culture is escrow-driven: a neutral escrow officer runs the closing and controls the funds — an independent escrow company in much of Southern California, or a title company’s escrow division in Northern California — not a mandated attorney. For Echo, that officer disburses seller proceeds and routes repayment back to us out of your assignment fee. We need the escrow holder confirmed and willing to disburse with Echo repayment built in before we fund.

The timing detail is California’s dry-funding rule: funds disburse only after the deed records, so Echo repayment to us posts after the county recorder confirms the deed on closing day — not the moment documents sign. We wire the down payment to escrow ahead of closing; everything resolves once recording confirms. California’s licensing rules are strict, so disclose your equitable interest on the assignment. Confirm the recording cutoff and your structure with your escrow officer and a California real estate attorney.

Pricing

Flat 2.5% of the funded amount. No application, origination, or upfront fees — collected through the closing statement. A $60,000 funded down payment costs $1,500.

What you’ll need

• Executed purchase contract
• Executed assignment contract showing your assignment fee
• Assignment fee at least equal to the funded amount plus the 2.5% fee
• A California escrow holder ready to disburse seller proceeds with Echo repayment built in (aware of the dry-funding recording sequence)

No credit check, no income verification, no tax returns.

A typical California Echo scenario

A wholesaler has a San Jose townhome under contract to assign for a $52,000 fee, but the end buyer is $70,000 short on the down payment a Bay Area lender requires. Echo wires $70,000 to the escrow company ahead of closing. On closing day the deed records, the escrow officer disburses seller proceeds and repays us $71,750 (the $70,000 plus the $1,750 fee) from the assignment fee, leaving the wholesaler $33,750 net — once recording confirms, per California’s dry-funding process.

Apply

Submit your purchase and assignment contracts online; we verify the fee covers the funded amount and coordinate with your California escrow officer on the dry-funding timing. ~48 hours to wire-ready.

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