Stack Funding in Indiana | Swift Deal Funding
Stack (Morby Method) funding in Indiana
Stack funding supplies the cash needed at the closing table when a seller carry-back note covers the buyer’s down payment but the title company still requires real funds to close. We wire that cash; the recorded second-position note repays us plus a flat 2.5%, typically the same day.
Indiana is fertile for creative finance. Indianapolis carries a deep base of older, small rental properties and plenty of tired landlords open to carrying a note rather than taking a full cash payout — the foundation of a Morby Method deal. Affordable pricing keeps down payments and carry-back amounts small. Activity centers on the Indy metro, with deals also in Fort Wayne and Evansville. Funded amounts here typically run $30,000–$100,000, with capacity up to $10 million per transaction.
How a Stack deal closes in Indiana
Indiana is a wet-funding state, so the title company disburses at the closing table. For Stack, we provide the cash to close; the title company records the seller-carry note in second position and repays our funds plus 2.5% right out of the closing, usually the same day — no post-recording wait.
Indiana closes through title/escrow companies, not closing attorneys, which keeps the note recording coordinated in one place. We require written confirmation from title that the carry-back note will record in second position as agreed. Local note: Indiana’s modest price points keep the closing-table cash and the 2.5% fee small, which is part of why creative finance pencils so well here.
Pricing
Flat 2.5% of the funded amount, nothing upfront, collected on the closing statement:
| Funded amount | Fee |
|---|---|
| $50,000 | $1,250 |
| $100,000 | $2,500 |
| $500,000 | $12,500 |
| Up to $10,000,000 | $250,000 |
What you’ll need
- A signed Indiana contract spelling out the seller-financing terms
- A carry-back at least covering the down payment and closing costs
- An Indiana title company that can record the second-position note
- Title’s written confirmation the carry-back note will record as agreed
A typical Indiana Stack scenario
A tired landlord in Indianapolis with a paid-off rental agrees to sell subject-to and carry a note covering the $40,000 down payment. The title company still needs cash to close. Stack wires the $40,000; the title company records the carry-back note in second position and, because Indiana is wet-funding, repays our $40,000 plus the 2.5% fee ($1,000) at the closing table. You add a cash-flowing Indy rental with none of your own money at the table.
Apply
Upload your Indiana contract and seller-financing terms online. We’ll coordinate the second-position note recording with your title company.
Frequently Asked Questions
How fast does the second note repay in Indiana? +
Usually right at closing. Indiana is a wet-funding state, so the title company disburses at the closing table once funds and documents are in place. For Stack, we wire the cash to close, the title company records the seller-carry note in second position, and our funds plus the flat 2.5% are repaid out of the closing — typically the same day. You don't wait on post-recording disbursement the way you would in a dry-funding state.
Does Stack work on affordable Indianapolis deals? +
Yes. Indiana's low price points actually make creative-finance numbers easy to structure — down payments and carry-back amounts are smaller, so the cash Stack needs to provide at the table is modest and the flat 2.5% fee stays low. Indianapolis's deep base of small rental properties produces plenty of motivated sellers willing to carry paper, which is exactly the setup Stack is built for.
What Indiana deals fit Stack funding? +
Creative-finance acquisitions: subject-to deals, owner-financed purchases, and seller-carry structures where the carry-back note covers the down payment but the title company still needs real cash to close. These come up often in Indianapolis's large pool of older rental stock and tired-landlord sellers. Stack supplies the closing-table cash and is repaid from the recorded second note at a flat 2.5%, with capacity up to $10 million per transaction.
Apply for Stack Funding in Indiana
Submit your application online — same-day decisions for complete files before 2 PM Eastern.