Echo Funding in Savannah, GA | Swift Deal Funding
Echo Funding in Savannah, GA
Echo funding supplies the cash for your end buyer’s down payment at closing and is repaid directly from the seller-side proceeds — your assignment fee. In Savannah, that’s a frequent fit for the tourism-driven market: short-term-rental investors near the Historic District and Victorian District, plus buyers picking up SCAD-area rentals, who are qualified but want to keep cash free for furnishing and reserves. Instead of fronting the full purchase, you fund only the down payment, and your assignment fee carries the repayment. Flat 2.5% fee, no upfront cost.
How Echo funding closes in Savannah
Georgia requires an attorney to conduct the closing and disburse — a title company alone cannot. On Savannah’s older Historic District and SCAD-area homes, where title work can run heavier, the closing attorney both clears title and handles disbursement. We wire the down-payment funds before the date; at the table the attorney closes, pays out the seller’s proceeds, and repays our funded amount plus 2.5% from your assignment fee on the settlement statement. Standard turnaround is roughly 48 hours from a complete file; same-day is available for files in before 11 AM Eastern. The gate is straightforward: your assignment fee must exceed the funded down payment plus our fee, and the attorney must be ready to disburse our repayment.
Pricing
Flat 2.5% of the funded down payment — no application, origination, or upfront fees, and collected through the settlement statement at close.
What you’ll need
- Executed purchase contract
- Executed assignment contract showing your fee
- An assignment fee large enough to cover the funded down payment plus the 2.5% fee
- A licensed Georgia closing attorney ready to disburse with our Echo repayment included
No credit check, income verification, or tax returns. Local note: on coastal Savannah properties, flood-zone status and tidal-flooding insurance can affect the closing timeline, so confirm those are squared away with the attorney so Echo repayment isn’t delayed.
A typical Savannah Echo scenario
You assign a $320,000 home near the Historic District to a short-term-rental buyer for a $30,000 assignment fee. The buyer is approved but short the $22,000 down payment. Echo funds the $22,000 ahead of closing. At the table the closing attorney closes the deal and, from your $30,000 fee, repays us $22,000 plus a $550 fee (2.5%). You net about $7,450, the buyer keeps cash free for furnishing, and none of your capital is tied up.
Apply
Submit your purchase contract and the assignment showing your fee — we check that the fee covers the funded down payment before approval.
Frequently Asked Questions
Does a Georgia attorney handle Echo repayment in Savannah? +
Yes. Georgia is an attorney-closing state, so a licensed Georgia attorney must conduct the closing and disburse — a title company alone cannot. Echo funds your end buyer's down payment, and the closing attorney repays us from the seller-side proceeds (your assignment fee) on the settlement statement. Confirm the attorney's office will disburse our Echo repayment as structured. The hard rule: your assignment fee must cover the funded down payment plus our flat 2.5%.
Is Echo a fit for Savannah short-term-rental deals? +
Often yes. Savannah's tourism market draws short-term-rental investors near the Historic District who are well-qualified but want to preserve cash for furnishing and reserves. If you're carrying a solid assignment fee, Echo funds only their down payment and is repaid from that fee at a flat 2.5% — lighter than a double close, and one less leg for the closing attorney to schedule. Just confirm flood insurance and any tidal-flooding considerations don't stall the attorney's disbursement timeline.
Do I need a license to use Echo funding in Savannah? +
No. Georgia doesn't require a wholesaler license to assign contracts, but you should disclose your assignment so the fee and our Echo repayment are transparent to the closing attorney and on the settlement statement. A licensed Georgia attorney must still conduct the closing. We're a direct lender — no credit, income, or tax review — so approval rests on the purchase contract, the assignment showing your fee, and the attorney being ready to disburse our repayment.
Apply for Echo Funding in Savannah, GA
Submit your application online — same-day decisions for complete files before 2 PM Eastern.