Stack Funding in Birmingham, AL | Swift Deal Funding
Stack Funding in Birmingham, AL
Stack — built around the Morby Method — gives you the cash you need at the closing table when a seller carry-back note covers your down payment but the closing still requires real funds in escrow to complete. We wire that cash; a recorded second-position note then repays our capital plus a flat 2.5%, often the same day through the closing attorney. In Birmingham — an affordable, investor-heavy market built on a steel-town legacy — owners of long-held, often paid-off rentals in Ensley, Woodlawn, and East Lake are frequently open to carrying paper rather than cashing out fully. Stack lets you close those seller-finance and subject-to deals without parking your own capital to satisfy escrow.
How a Stack deal closes in Birmingham
The Birmingham difference: Alabama is a wet-funding, attorney-closing state, so a licensed closing attorney — not a title company alone — conducts the settlement and records the carry-back note. We wire the cash to the table on closing day; the attorney disburses to the seller, records the seller-carry note in second position, and our funds plus the 2.5% are repaid from that recorded note — typically same-day. Confirm the recording process, fees, and timing with your closing attorney locally.
Pricing
Flat 2.5% of the funded amount, collected on the settlement statement. No upfront fees.
| Funded Amount | Fee |
|---|---|
| $50,000 | $1,250 |
| $100,000 | $2,500 |
| $500,000 | $12,500 |
What you’ll need
- Executed purchase contract with seller-financing terms
- Seller carry-back ≥ down payment + closing costs
- A Birmingham closing attorney ready to record the second-position note
- Written confirmation from the attorney’s office that the note will be recorded as agreed
No credit, income, or tax docs.
A typical Birmingham Stack scenario
A retiring landlord in Woodlawn sells you a paid-off rental for $90,000 and agrees to carry a $25,000 second-position note covering your down payment and costs. The closing still needs that $25,000 in escrow. We wire it at the table; the Birmingham closing attorney disburses, records the carry-back note in second position, and our $25,000 plus the 2.5% fee ($625) is repaid from the recorded note — same day. You take the property with little of your own cash in the deal.
Apply
Submit your purchase contract and seller-financing terms online. We coordinate the carry-back recording directly with your closing attorney.
Frequently Asked Questions
When does Stack funding fit a Birmingham deal? +
Stack fits Birmingham seller-finance and subject-to deals where a seller carries back a note covering your down payment, but the closing still needs real cash in escrow to close. We provide that cash; the recorded second-position note repays us plus a flat 2.5%. In this affordable, investor-heavy market, owners of paid-off rentals in Ensley or Woodlawn often prefer carrying a note to a full cash-out — and Stack lets you close while keeping your own capital free for the next deal.
How is Stack different from Echo in Birmingham? +
Both front cash at the closing table, but repayment differs. Echo is repaid immediately from seller proceeds — your assignment fee — so it suits Birmingham assignments. Stack is repaid by a seller carry-back note recorded in second position after closing, so it suits creative-finance and subject-to deals where seller financing is the structure. If a carry-back covers your down payment, use Stack; if there's a solid assignment fee, use Echo. Both close through one Birmingham closing attorney.
Who records the second-position note on a Birmingham Stack deal? +
Alabama is an attorney-closing state, so a Birmingham closing attorney conducts the settlement and records the seller carry-back note in second position as part of the closing. We need written confirmation from the attorney's office that they'll record the note as agreed before we fund. Recording a second lien is routine, but timing and recording fees vary, so confirm the process and recording schedule with your closing attorney before closing day.
Apply for Stack Funding in Birmingham, AL
Submit your application online — same-day decisions for complete files before 2 PM Eastern.