Echo Funding in North Carolina | Swift Deal Funding
Echo Funding in North Carolina
Echo funding covers the cash an end buyer needs for their down payment at closing, repaid directly from the seller’s proceeds — which on a wholesale deal is your assignment fee. For North Carolina wholesalers, that means a cash-light buyer can still close while you collect your fee at the table. Swift Deal Funding is a direct lender, so there’s no credit, income, or tax review. Funded down payments here typically run $20,000–$60,000, capacity to $10 million, at a flat 2.5%.
How Echo closes in North Carolina
North Carolina is an attorney-closing, wet-funding state, so the mechanics run through a licensed closing attorney and settle at the table. We wire the funded down payment into the closing attorney’s trust account ahead of closing. The purchase contract and assignment are signed, and because North Carolina funds wet, the attorney disburses at the closing — proceeds to the seller, our advance plus the 2.5% fee repaid from your assignment fee, and your net to you. No waiting on recording for money to move. With North Carolina’s strict attorney-closing requirement, the assignment and disbursement instructions go to your closing attorney, who controls the trust account, so build the Echo repayment into the disbursement schedule with that attorney before you set a closing date in Charlotte, Raleigh, or anywhere statewide.
Pricing
Flat 2.5% of the funded amount. No application fee, no origination fee, nothing upfront — collected through the closing statement and netted from your assignment fee.
What you’ll need
- Executed purchase contract
- Executed assignment showing your assignment fee
- Assignment fee ≥ funded down payment + 2.5% fee
- Closing attorney ready to disburse with the Echo repayment included
- All parties aligned on the closing timeline
A typical North Carolina Echo scenario
A wholesaler in Raleigh has a buyer who’s solid on financing but short on closing cash. Purchase price is $310,000 with a $40,000 assignment fee. The buyer needs $25,000 for the down payment, which we fund into the closing attorney’s trust account. North Carolina funds wet, so at closing the attorney disburses: our $25,000 plus the 2.5% fee ($625) comes out of the assignment fee, and the wholesaler nets $14,375. The buyer brought far less cash to a deal that closes at the table the same day.
Apply
Apply online with your purchase and assignment contracts. Once we confirm the assignment fee clears the funded amount plus 2.5%, we coordinate with your North Carolina closing attorney’s trust account. Expect roughly 48-hour turnaround.
Frequently Asked Questions
How does Echo funding work at a North Carolina closing? +
Echo funds your end buyer's down payment so the deal can close, repaid from the seller proceeds — your assignment fee — at disbursement. North Carolina law requires a licensed attorney to handle the closing, so the funded down payment sits in the closing attorney's trust account and that attorney runs disbursement. Because North Carolina funds wet, repayment happens at the table: our advance plus the flat 2.5% fee comes out of your assignment fee before your net releases. Confirm the disbursement order with your closing attorney.
How big does my assignment fee need to be for an Echo deal in North Carolina? +
Large enough to cover the funded down payment plus our 2.5% fee and still leave you a profit. In strong Charlotte and Raleigh-Durham deal flow, assignment fees of $25,000–$50,000 routinely cover down payments in the $15,000–$30,000 range with room to spare. We confirm the fee clears the math before approving, so you know the structure works before closing day.
What does Echo funding cost in North Carolina? +
A flat 2.5% of the funded amount — no application fee, no origination fee, nothing upfront. It's collected through the closing statement and netted from your assignment fee when the closing attorney disburses. Because North Carolina funds wet, that repayment settles at the table rather than after recording, but the cost is identical to every state we fund in.
Apply for Echo Funding in North Carolina
Submit your application online — same-day decisions for complete files before 2 PM Eastern.