Stack Funding in Charleston, SC | Swift Deal Funding
Stack Funding (Morby Method) in Charleston, SC
Stack funding provides the cash a deal needs at the closing table when a seller carry-back note covers the buyer’s down payment — but title still requires real money in escrow to close. We wire that cash; the recorded seller-carry second-position note repays us plus a flat 2.5% fee, often the same day through the closing attorney.
Charleston’s high prices (median ~$550K) mean many longtime owners — on the peninsula and across the metro — are sitting on substantial appreciation, and some prefer carrying a note over a full cash-out, especially on inherited or long-held property. That’s the setup for subject-to and owner-finance deals where Stack supplies the closing-table cash. The local flood-zone geography means title and survey items deserve a little lead time. Typical Charleston Stack amounts run $40,000–$160,000, with capacity up to $10M.
How a Stack deal closes in Charleston (SC attorney-must-close)
South Carolina is a wet-funding state, and the SC Supreme Court requires a licensed SC attorney to supervise the closing, disburse from the trust account, and handle recording. For Stack, that attorney records the seller carry-back note in second position immediately after closing; the recorded note then repays our funds plus the 2.5% fee — typically same-day. We wire by 9 AM Eastern; standard turnaround is ~48 hours from a complete file. Confirm with your Charleston closing attorney that they’ll record the second note as structured, and allow time for flood/title items.
Pricing
Flat 2.5% of funded amount, no upfront fees, collected on the closing statement:
| Funded Amount | Fee | Example |
|---|---|---|
| $50,000 | 2.5% flat | $1,250 |
| $100,000 | 2.5% flat | $2,500 |
| $500,000 | 2.5% flat | $12,500 |
| Up to $10,000,000 | 2.5% flat | $250,000 |
What you’ll need
- Executed purchase contract with seller-financing terms
- A seller carry-back large enough to cover the required down payment plus closing costs
- A licensed SC closing attorney ready to record the second-position note immediately after closing
- Written confirmation from that attorney that the note will be recorded as agreed
No credit check, no income verification, no tax returns.
A typical Charleston Stack scenario
An owner who inherited a North Charleston property free and clear agrees to owner-finance at $340,000 and carries back a note covering your $55,000 down payment and costs. Title still needs that cash in escrow to close. Stack wires the ~$55,000 to the SC closing attorney; once title and flood items clear, the closing executes, the attorney records the seller’s carry-back in second position, and that note repays our funds plus the 2.5% fee ($1,375) — typically same-day. You acquire the property without bringing the down payment out of pocket.
Apply
Submit your purchase contract and seller-financing terms online. We coordinate with your SC closing attorney on the carry-back recording.
Frequently Asked Questions
Will a South Carolina attorney record the seller carry-back note for my Charleston Stack deal? +
Yes — the SC Supreme Court requires attorney-supervised closings, so a licensed SC attorney handles the closing and recording. For Stack, that Charleston attorney records the seller's carry-back note in second position right after closing, and the recorded note repays our funds plus the flat 2.5% fee — typically same-day. We need the attorney's written confirmation they'll record the second note as structured before we fund.
Why use Stack instead of Echo on a Charleston deal? +
Use Stack when seller financing is part of the structure — a Charleston seller carrying back a note that covers the buyer's down payment. Echo, by contrast, funds a down payment repaid from your assignment fee with no carry-back. With Charleston's high prices, sellers sitting on years of appreciation are sometimes open to carrying paper, which is exactly when Stack fits subject-to and owner-finance deals.
Do flood-zone issues affect a Charleston Stack closing? +
They can affect title and survey timing, since much of Charleston is in tidal, flood-prone areas. The funding mechanics don't change — we wire the cash needed at the table and the SC attorney records the second note — but allow time for flood and title items to clear before recording. Confirm the recording and timeline with your SC closing attorney.
Apply for Stack Funding in Charleston, SC
Submit your application online — same-day decisions for complete files before 2 PM Eastern.