Echo Funding in Raleigh, NC | Swift Deal Funding
Echo Funding in Raleigh, NC
Echo funding (transactional down payment funding) supplies the cash an end buyer needs for their down payment at closing, then is repaid from the seller-side proceeds — usually your assignment fee — at that same closing. It’s the fit for a Raleigh wholesaler whose buyer is qualified but short on closing-day liquidity.
The Research Triangle’s tech, university, and pharma economy draws a steady flow of capable buyers to Raleigh, and well-located deals near Oakwood or in revitalizing Southeast Raleigh can carry assignment fees large enough to absorb an Echo down payment with margin to spare. Typical Raleigh Echo amounts run $20,000–$80,000, with capacity up to $10M. The fee is a flat 2.5%, no upfront cost.
How Echo closes in Raleigh (NC attorney-must-close)
North Carolina is a wet-funding, attorney-closing state — a licensed NC attorney must supervise the closing and disburse from the trust account. For Echo, that attorney disburses the end buyer’s down payment from our funds, then repays us from the seller-side proceeds (your assignment fee) on the settlement statement. We wire by 9 AM Eastern on closing day; standard turnaround is ~48 hours from a complete file. Have your Raleigh closing attorney confirm in writing that the Echo repayment line is on the statement, and verify timing locally.
Pricing
Flat 2.5% of the funded amount. No application, origination, or upfront fees — collected on the closing statement.
What you’ll need
- Executed purchase contract
- Executed assignment contract showing your assignment fee
- An assignment fee large enough to cover the funded down payment plus the 2.5% fee
- A licensed NC closing attorney ready to disburse seller proceeds with Echo repayment included
- All parties aligned on the closing timeline
No credit check, no income verification, no tax returns.
A typical Raleigh Echo scenario
You assign a contract on a Southeast Raleigh cottage at a $240,000 price with a $28,000 assignment fee. Your end buyer — a Triangle relocator — is approved but needs $18,000 for the down payment that isn’t liquid yet. Echo funds the $18,000 to the NC closing attorney. At closing, the attorney disburses your $28,000 assignment fee, repays our $18,000 plus the 2.5% fee ($450), and you net about $9,550 — the buyer closes on schedule and the deal survives the closing-day cash crunch.
Apply
Submit your purchase and assignment contracts online. We confirm the assignment fee covers the funded amount before approval. Standard turnaround ~48 hours.
Frequently Asked Questions
How is Echo repaid through a Raleigh closing attorney? +
Echo funds the end buyer's down payment and is repaid from seller-side proceeds — typically your assignment fee — at the same closing. Since North Carolina requires a licensed NC attorney to supervise and disburse, that Raleigh attorney handles the repayment line on the settlement statement. We need the attorney's written confirmation that Echo repayment is built into the disbursement before we fund the down payment.
Do Research Triangle deals usually have a big enough assignment fee for Echo? +
Often, yes. Strong, tech-driven demand in Raleigh tends to support healthy assignment fees, and your fee must cover the funded down payment plus our flat 2.5%. On a deal in a sought-after area like Oakwood or revitalizing Southeast Raleigh, that math typically works comfortably. We verify the assignment contract shows the fee before approving, and the NC attorney confirms the disbursement order.
Is Echo extended to me or to my end buyer in Raleigh? +
Echo is transactional funding for the end buyer's down payment, repaid from seller proceeds at the closing rather than billed to you afterward. As a direct lender we run no credit check, income verification, or tax returns on either party. On Raleigh deals, everything settles through the required NC closing attorney; confirm timing and disbursement order with that firm.
Apply for Echo Funding in Raleigh, NC
Submit your application online — same-day decisions for complete files before 2 PM Eastern.