Stack Funding in Minneapolis, MN | Swift Deal Funding
Stack Funding in Minneapolis, MN
Stack funding — built on the Morby Method — supplies the cash a Minneapolis closing needs at the table when a seller carry-back note covers the buyer’s down payment but the closing still requires real funds to fund. The recorded seller-carry note then repays our funds plus a flat 2.5%, often same-day. It’s the right tool for creative-finance and subject-to deals across older Minneapolis neighborhoods — Phillips, Powderhorn, Near North, and the Camden communities — where equity-rich owners of paid-off 1920s stucco and frame homes prefer payments over a full cash payout. Capacity runs up to $10 million per transaction.
How Stack funding closes in Minneapolis
Minnesota is a wet-funding title and escrow state: a Twin Cities title company conducts the closing and records the seller-carry second-position note with the county. The seller agrees to a carry-back covering the down payment and costs. On closing day we wire the cash needed at the table; the title company closes the deal, records the note in second position, and that note repays our funds plus 2.5% — typically same-day through the title company’s escrow. Standard turnaround is about 48 hours from a complete file. Make sure the seller’s Truth in Sale of Housing evaluation is current before marketing, and confirm in writing that the title office will record the note as agreed.
Pricing
Flat 2.5% of the funded amount, collected through the settlement statement. No upfront fees.
| Funded amount | Fee |
|---|---|
| $40,000 | $1,000 |
| $90,000 | $2,250 |
| Up to $10,000,000 | 2.5% flat |
What you’ll need
- Executed purchase contract with seller-financing terms
- A carry-back amount that covers the required down payment plus closing costs
- A Minneapolis-area title company ready to record the second-position note immediately after closing
- Written confirmation from the title office that the note will be recorded as agreed
No credit check, income verification, or tax returns.
A typical Minneapolis Stack scenario
An equity-rich owner of a $330,000 Powderhorn home agrees to a subject-to/seller-carry deal. The carry-back covers the $33,000 the buyer would otherwise bring as a down payment, but the closing needs that cash present to fund. We wire $33,000 on closing day; the Twin Cities title company closes the deal, records the second note, and it repays us $33,000 plus an $825 fee (2.5%) — typically same-day. The seller collects payments, the buyer needed little cash, and you keep the spread.
Apply
Send your purchase contract and seller-financing terms online — we coordinate the carry-back recording directly with your Minneapolis title company.
Frequently Asked Questions
Who records the second note on a Minneapolis Stack deal? +
The Twin Cities title company handling your closing records the seller-carry second-position note. Minnesota is a title and escrow state, so the title office both conducts the closing and records the instrument with the county. We provide the cash the closing needs at the table, and the recorded second note repays our funds plus a flat 2.5%, often same-day through the title company's escrow. Confirm in writing that the title office will record the note exactly as agreed before scheduling the closing.
What Minneapolis deals fit Stack funding? +
Stack fits creative-finance structures where a motivated seller carries back a note covering the buyer's down payment, but the closing still needs real funds at the table. In Minneapolis that's common on subject-to deals in older neighborhoods like Phillips, Powderhorn, and Near North, where equity-rich owners of paid-off 1920s homes prefer steady payments to a full cash-out. If there's a large assignment fee instead of seller financing, Echo is usually the better tool.
How is Stack different from a double close in Minneapolis? +
A double close has us fund the full A-B purchase, repaid from the end buyer's proceeds at the same closing. Stack is for seller-financed deals: the carry-back covers the down payment, we supply only the cash the closing needs, and a recorded second-position note repays us afterward. Both run through a Twin Cities title company, but Stack hinges on the seller-financing terms and the title office being ready to record the second note immediately after closing. Remember the seller's Truth in Sale of Housing report should be current before marketing.
Apply for Stack Funding in Minneapolis, MN
Submit your application online — same-day decisions for complete files before 2 PM Eastern.