Echo Funding in Nevada | Swift Deal Funding
Echo funding in Nevada
Echo funding supplies the cash for an end buyer’s down payment at closing, repaid out of the seller-side proceeds — on a wholesale deal, your assignment fee. In Nevada it is useful when a strong out-of-state buyer is light on the down payment and your spread is wide enough to carry the funding. Swift Deal Funding is a direct lender charging a flat 2.5% with nothing upfront.
Nevada is one of the busiest wholesale markets in the US. Las Vegas and Henderson generate constant assignment volume, Reno adds a deep northern market, and out-of-state demand keeps end buyers plentiful. With roughly 3.19 million residents concentrated in Clark County and higher price points, funded down payments here run larger than most markets — commonly $30,000–$120,000.
How Echo closes in Nevada
Nevada is a dry-funding, escrow state, so escrow generally disburses after the deed records rather than at signing. For Echo, the funded down payment goes in and our repayment from the assignment fee comes back out once escrow funds out following recording. In Clark and Washoe counties, same-day eRecording typically keeps the whole thing inside one closing.
Closings run through escrow/title companies, not attorneys, and Nevada has no wholesaler-licensing law — disclose your equitable interest as standard practice. Confirm with your escrow officer that the closing is set up to repay us from seller proceeds within the dry-funding sequence before scheduling.
Pricing
Flat 2.5% of the funded amount. No application fee, no origination fee, nothing upfront — collected on the closing statement.
What you’ll need
- Executed purchase contract
- Executed assignment contract showing your assignment fee
- An assignment fee at least equal to the funded down payment plus 2.5%
- A Nevada escrow company ready to disburse seller proceeds with Echo repayment built in, post-recording
Nevada note: pick an escrow officer comfortable sequencing repayment under dry funding. No credit, income, or tax returns.
A typical Nevada Echo scenario
A wholesaler has a Henderson property under contract with an out-of-state buyer purchasing at $400,000 who is $40,000 short on the down payment. The assignment fee is $55,000. Echo funds the $40,000; escrow records the deed, funds out, repays us $40,000 plus the 2.5% fee ($1,000) from the assignment fee, and the wholesaler nets about $14,000. The buyer closes without sourcing extra cash.
Apply
Submit your purchase and assignment contracts online; we confirm the fee covers the funded amount before approval. Standard turnaround is about 48 hours.
Frequently Asked Questions
Does Nevada's dry-funding rule change how Echo gets repaid? +
Echo still works in Nevada, but the timing reflects dry funding. Nevada escrow generally disburses after the deed records, so our repayment from the seller-side proceeds — your assignment fee — settles once escrow funds out following recording, rather than the instant signatures are done. In Clark and Washoe counties, same-day eRecording usually keeps this inside one closing. As long as the assignment fee covers the funded down payment plus our 2.5%, the escrow officer routes repayment to us at funding.
Is Echo a fit for Las Vegas wholesale deals? +
Frequently. Las Vegas draws heavy out-of-state buyers, some of whom are cash-light on the down payment even when the deal is strong. Echo lets that buyer bring less to the table while your assignment fee absorbs the funding. Given Nevada's higher price points, funded down payments here run larger — commonly $30,000–$120,000 — so confirm your assignment fee covers the funded amount plus 2.5% before you commit.
How large does my assignment fee need to be for Echo in Nevada? +
It must be at least the funded down payment plus our flat 2.5%, since repayment comes from those seller-side proceeds. On a $400,000 Las Vegas sale with a $40,000 funded down payment, you would need an assignment fee of at least roughly $41,000. We verify the math before approving and coordinate with your escrow officer so the dry-funding disbursement covers our repayment cleanly at close.
Apply for Echo Funding in Nevada
Submit your application online — same-day decisions for complete files before 2 PM Eastern.